Stock analysts at StockNews.com assumed coverage on shares of Ultralife (NASDAQ:ULBI – Get Rating) in a research note issued on Monday. The firm set a “strong-buy” rating on the technology company’s stock.
Ultralife Price Performance
ULBI stock opened at $4.67 on Monday. Ultralife has a 52-week low of $4.16 and a 52-week high of $6.38. The company has a quick ratio of 1.36, a current ratio of 2.81 and a debt-to-equity ratio of 0.18. The stock has a market cap of $75.35 million, a price-to-earnings ratio of -77.82 and a beta of 1.22. The business has a fifty day moving average of $4.98 and a two-hundred day moving average of $4.84.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. LSV Asset Management acquired a new stake in shares of Ultralife during the third quarter valued at about $62,000. Shikiar Asset Management Inc. raised its holdings in shares of 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 buying an additional 7,500 shares during the period. State Street Corp lifted its stake in Ultralife by 6.9% during the 1st quarter. State Street Corp now owns 40,120 shares of the technology company’s stock worth $215,000 after acquiring an additional 2,596 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Ultralife by 5.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 481,974 shares of the technology company’s stock worth $2,328,000 after buying an additional 25,877 shares during the period. Finally, Visionary Wealth Advisors increased its position in shares of Ultralife by 1.2% during the second quarter. Visionary Wealth Advisors now owns 970,330 shares of the technology company’s stock worth $4,415,000 after acquiring an additional 11,812 shares during the period. Institutional investors and hedge funds own 27.15% of the company’s stock.
Ultralife Company Profile
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.
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