StockNews.com began coverage on shares of Ultralife (NASDAQ:ULBI – Get Rating) in a research report sent to investors on Monday morning. The firm issued a strong-buy rating on the technology company’s stock.
Ultralife Trading Down 5.8 %
Shares of NASDAQ:ULBI opened at $4.51 on Monday. Ultralife has a 1 year low of $4.16 and a 1 year high of $6.38. The firm has a market capitalization of $72.75 million, a price-to-earnings ratio of -75.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.81 and a quick ratio of 1.36. The business’s 50 day moving average price is $4.94 and its 200-day moving average price is $4.83.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LSV Asset Management purchased a new position in Ultralife in the 3rd quarter valued at $62,000. Shikiar Asset Management Inc. lifted its holdings in Ultralife by 75.0% in the 3rd quarter. Shikiar Asset Management Inc. now owns 17,500 shares of the technology company’s stock valued at $84,000 after purchasing an additional 7,500 shares in the last quarter. State Street Corp lifted its holdings in Ultralife by 6.9% in the 1st quarter. State Street Corp now owns 40,120 shares of the technology company’s stock valued at $215,000 after purchasing an additional 2,596 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Ultralife by 5.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 481,974 shares of the technology company’s stock valued at $2,328,000 after purchasing an additional 25,877 shares in the last quarter. Finally, Visionary Wealth Advisors lifted its holdings in Ultralife by 6.3% in the 1st quarter. Visionary Wealth Advisors now owns 958,518 shares of the technology company’s stock valued at $5,147,000 after purchasing an additional 56,983 shares in the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.
Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.
- Get a free copy of the StockNews.com research report on Ultralife (ULBI)
- Is the 60/40 Portfolio Mix Still in Vogue?
- Three CBD Stocks to Dominate a Budding Industry
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Microsoft Shares: Is it Time to Back Up the Truck?
- Institutional Support for Analog Devices Remains High
Receive News & Ratings for Ultralife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultralife and related companies with MarketBeat.com's FREE daily email newsletter.