Ultralife (NASDAQ:ULBI) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Ultralife (NASDAQ:ULBIGet Rating) in a research note issued to investors on Thursday. The firm set a “buy” rating on the technology company’s stock.

Ultralife Price Performance

Shares of NASDAQ:ULBI opened at $3.93 on Thursday. The company has a 50 day moving average of $4.12 and a 200 day moving average of $4.59. The company has a current ratio of 2.81, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock has a market cap of $63.41 million, a P/E ratio of -65.49 and a beta of 1.18. Ultralife has a 12 month low of $3.67 and a 12 month high of $5.78.

Ultralife (NASDAQ:ULBIGet Rating) last released its quarterly earnings results on Thursday, October 27th. The technology company reported ($0.01) EPS for the quarter. Ultralife had a negative net margin of 0.86% and a negative return on equity of 0.84%. The firm had revenue of $33.23 million for the quarter.

Insider Activity

In related news, Director Bradford T. Whitmore purchased 28,600 shares of the business’s stock in a transaction on Thursday, December 8th. The stock was acquired at an average price of $4.12 per share, with a total value of $117,832.00. Following the purchase, the director now directly owns 943,649 shares in the company, valued at $3,887,833.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Bradford T. Whitmore purchased 28,600 shares of the stock in a transaction on Thursday, December 8th. The shares were acquired at an average price of $4.12 per share, for a total transaction of $117,832.00. Following the completion of the transaction, the director now directly owns 943,649 shares of the company’s stock, valued at approximately $3,887,833.88. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bradford T. Whitmore purchased 25,694 shares of the company’s stock in a transaction on Wednesday, December 14th. The shares were purchased at an average cost of $4.01 per share, with a total value of $103,032.94. Following the purchase, the director now owns 969,343 shares of the company’s stock, valued at $3,887,065.43. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 89,770 shares of company stock worth $362,908. 40.20% of the stock is currently owned by insiders.

Institutional Trading of Ultralife

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Visionary Wealth Advisors boosted its position in Ultralife by 3.7% during the third quarter. Visionary Wealth Advisors now owns 1,006,030 shares of the technology company’s stock valued at $4,839,000 after buying an additional 35,700 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of 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 acquiring an additional 25,877 shares during the last quarter. LSV Asset Management purchased a new stake in Ultralife during the 3rd quarter valued at about $62,000. Shikiar Asset Management Inc. grew its position in Ultralife by 75.0% during the 3rd quarter. Shikiar Asset Management Inc. now owns 17,500 shares of the technology company’s stock worth $84,000 after acquiring an additional 7,500 shares during the last quarter. Finally, State Street Corp increased its stake in Ultralife by 6.9% in the 1st quarter. State Street Corp now owns 40,120 shares of the technology company’s stock worth $215,000 after purchasing an additional 2,596 shares during the period. Hedge funds and other institutional investors own 25.67% of the company’s stock.

Ultralife Company Profile

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Ultralife Corp. engages in the manufacture and sale of products for power solutions. It operates through the Battery & Energy Products and Communications System segments. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, thin cell and various other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems, and accessories such as cables.

Further Reading

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