Key Points
- Director Bradford Whitmore bought 14,882 shares on December 15 at an average price of $5.66 for $84,232, increasing his stake to 1,207,043 shares (a 1.25% ownership bump).
- Ultralife reported Q results with (‑$0.07) EPS and $43.37M revenue, missing estimates of $0.21 EPS and $53.0M revenue and showing very thin profitability (net margin ~0.92%).
- The stock carries a consensus rating of "Sell", a market cap of about $96.4M, and recently traded around $5.79 within a 12‑month range of $4.07–$9.52.
Ultralife Corporation (NASDAQ:ULBI - Get Free Report) Director Bradford Whitmore acquired 9,530 shares of the company's stock in a transaction dated Friday, December 12th. The shares were bought at an average cost of $5.63 per share, with a total value of $53,653.90. Following the purchase, the director owned 1,192,161 shares in the company, valued at approximately $6,711,866.43. The trade was a 0.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ultralife Price Performance
Shares of Ultralife stock opened at $5.79 on Wednesday. The stock has a market capitalization of $96.40 million, a P/E ratio of 57.90 and a beta of 0.88. Ultralife Corporation has a twelve month low of $4.07 and a twelve month high of $9.52. The company has a current ratio of 2.99, a quick ratio of 1.42 and a debt-to-equity ratio of 0.34. The business's fifty day moving average price is $6.17 and its 200 day moving average price is $7.11.
Ultralife (NASDAQ:ULBI - Get Free Report) last released its quarterly earnings data on Monday, November 17th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.28). Ultralife had a return on equity of 1.66% and a net margin of 0.92%.The business had revenue of $43.37 million during the quarter, compared to analyst estimates of $53.00 million.
Institutional Trading of Ultralife
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Ultralife by 30.7% in the fourth quarter. Bank of America Corp DE now owns 12,067 shares of the technology company's stock worth $90,000 after purchasing an additional 2,836 shares during the period. Pitti Group Wealth Management LLC raised its holdings in shares of Ultralife by 20.0% during the third quarter. Pitti Group Wealth Management LLC now owns 17,981 shares of the technology company's stock worth $123,000 after purchasing an additional 3,000 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Ultralife by 1.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 446,250 shares of the technology company's stock worth $4,007,000 after buying an additional 5,000 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Ultralife by 1,650.0% in the 2nd quarter. Lazard Asset Management LLC now owns 5,565 shares of the technology company's stock valued at $49,000 after buying an additional 5,247 shares during the period. Finally, Prelude Capital Management LLC acquired a new position in shares of Ultralife in the 3rd quarter valued at about $71,000. 30.68% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ULBI. Wall Street Zen lowered shares of Ultralife from a "strong-buy" rating to a "hold" rating in a report on Saturday, September 13th. Weiss Ratings reissued a "sell (d+)" rating on shares of Ultralife in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".
Read Our Latest Research Report on ULBI
Ultralife Company Profile
(
Get Free Report)
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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