NEW YORK ( TheStreet) -- Shares of Universal Electronics (Nasdaq: UEIC) were gapping down Friday morning with an open price 11.7% lower than Thursday's closing price. The stock closed at $18.78 Thursday and opened today's trading at $16.59. The average volume for Universal has been 84,700 shares per day over the past 30 days. Universal has a market cap of $271.3 million and is part of the consumer goods sector and consumer durables industry. Shares are down 36.1% year to date as of the close of trading on Thursday. Universal Electronics Inc. and its subsidiaries develop pre-programmed wireless control products and audio-video accessories that enhance home entertainment systems. The company has a P/E ratio of 16.2, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Universal as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow. You can view the full Universal Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.