Ultralife Co. (NASDAQ:ULBI – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.25 and traded as high as $10.75. Ultralife shares last traded at $10.46, with a volume of 44,289 shares.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. StockNews.com cut Ultralife from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Benchmark increased their price target on shares of Ultralife from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th.
View Our Latest Report on Ultralife
Ultralife Stock Down 1.6 %
Ultralife (NASDAQ:ULBI – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $0.21 earnings per share for the quarter. The business had revenue of $41.93 million for the quarter. Ultralife had a net margin of 6.19% and a return on equity of 10.31%.
Institutional Trading of Ultralife
Institutional investors and hedge funds have recently modified their holdings of 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 acquiring an additional 9,997 shares during the last quarter. Citigroup Inc. purchased a new stake in Ultralife in the 3rd quarter valued at about $74,000. Pitti Group Wealth Management LLC boosted its position in Ultralife by 41.3% in the 4th quarter. Pitti Group Wealth Management LLC now owns 18,120 shares of the technology company’s stock valued at $124,000 after buying an additional 5,300 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Ultralife in the 4th quarter valued at about $163,000. Finally, Navellier & Associates Inc. bought a new stake in shares of Ultralife in the 4th quarter valued at about $310,000. 30.68% of the stock is currently owned by institutional investors.
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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