Ultralife (NASDAQ:ULBI – Get Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.
Separately, Benchmark increased their price target on Ultralife from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th.
Read Our Latest Report on ULBI
Ultralife Trading Up 22.7 %
Ultralife (NASDAQ:ULBI – Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The technology company reported $0.18 earnings per share for the quarter. Ultralife had a return on equity of 7.36% and a net margin of 4.54%. The company had revenue of $44.55 million for the quarter.
Institutional Trading of Ultralife
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Visionary Wealth Advisors increased its holdings in Ultralife by 0.9% in the 4th quarter. Visionary Wealth Advisors now owns 1,082,246 shares of the technology company’s stock valued at $7,381,000 after purchasing an additional 9,997 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Ultralife in the 4th quarter valued at $163,000. Navellier & Associates Inc. acquired a new stake in Ultralife in the 4th quarter valued at $310,000. Janney Montgomery Scott LLC increased its holdings in Ultralife by 3.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 399,100 shares of the technology company’s stock valued at $2,722,000 after purchasing an additional 13,100 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Ultralife in the 4th quarter valued at $59,000. 30.68% of the stock is currently owned by institutional investors and hedge funds.
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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