Ultralife (NASDAQ:ULBI) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Ultralife (NASDAQ:ULBIGet 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

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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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