Universal Display traded at $76.62 this Monday September 14th, decreasing $6.94 or 8.31 percent since the previous trading session. Looking back, over the last four weeks, Universal Display lost 11.57 percent. Over the last 12 months, its price fell by 42.89 percent. Looking ahead, we forecast Universal Display to be priced at 81.77 by the end of this quarter and at 76.63 in one year, according to Trading Economics global macro models projections and analysts expectations.
Universal Display Corporation is engaged in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. The Company manufactures and sells its OLED materials to customers for evaluation and use in commercial OLED products. It also produces and sells phosphorescent emitter materials that produce red, yellow, green and light-blue light, which are combined in various ways for the display and lighting markets. The Company collaborates and partners with manufacturers of displays and lighting products who are commercial licensees of its OLED technologies and purchasers of its OLED materials. The Company also supplies its OLED materials to manufacturers and developers of OLED displays and lighting products for use in product development and for pre-commercial activities, and it provides technical assistance and support to these manufacturers.