Ultimate Products (LON:ULTP) Trading Down 0.2% – Should You Sell?

Ultimate Products Plc (LON:ULTP) dropped 0.2% during trading on Wednesday . The company traded as low as GBX 77.20 ($1.00) and last traded at GBX 77.25 ($1.00). Approximately 81,122 shares traded hands during trading, a decline of 53% from the average daily volume of 171,998 shares. The stock had previously closed at GBX 77.40 ($1.01).

Ultimate Products Trading Down 0.2 %

The firm has a market cap of £65.55 million, a PE ratio of 6.34 and a beta of 1.39. The business’s 50-day simple moving average is GBX 91.03 and its 200 day simple moving average is GBX 116.22.

Ultimate Products Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were given a dividend of GBX 4.93 ($0.06) per share. This is an increase from Ultimate Products’s previous dividend of $2.45. The ex-dividend date was Thursday, January 2nd. This represents a yield of 3.47%. Ultimate Products’s dividend payout ratio (DPR) is 57.44%.

About Ultimate Products

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.