Why Investors Shouldn’t Be Surprised By Universal Electronics Inc.’s (NASDAQ:UEIC) 31% Share Price Plunge
Explore Universal Electronics’s Fair Values from the Community and select yours
Universal Electronics Inc. (NASDAQ:UEIC) shareholders that were waiting for something to happen have been dealt a blow with a 31% share price drop in the last month. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 49% in that time.
Since its price has dipped substantially, it would be understandable if you think Universal Electronics is a stock with good investment prospects with a price-to-sales ratios (or “P/S”) of 0.1x, considering almost half the companies in the United States’ Consumer Durables industry have P/S ratios above 0.7x. Although, it’s…
