Universal Electronics Inc.’s (NASDAQ:UEIC) P/S Is Still On The Mark Following 49% Share Price Bounce
Those holding Universal Electronics Inc. (NASDAQ:UEIC) shares would be relieved that the share price has rebounded 49% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 42% over that time.
In spite of the firm bounce in price, there still wouldn’t be many who think Universal Electronics’ price-to-sales (or “P/S”) ratio of 0.2x is worth a mention when the median P/S in the United States’ Consumer Durables industry is similar at about 0.5x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a…
