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.

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