Ultralife (ULBI) Expected to Announce Earnings on Tuesday

Ultralife (NASDAQ:ULBI) is projected to post its quarterly earnings results before the market opens on Tuesday, April 1st. Analysts expect Ultralife to post earnings of $0.15 per share and revenue of $40.00 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Ultralife Price Performance

NASDAQ:ULBI opened at $5.46 on Monday. The firm has a market capitalization of $90.78 million, a price-to-earnings ratio of 9.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 3.30. The stock has a fifty day moving average of $6.67 and a 200 day moving average of $7.71. Ultralife has a 52-week low of $5.28 and a 52-week high of $13.39.

Institutional Trading of Ultralife

An institutional investor recently raised its position in Ultralife stock. Bank of America Corp DE boosted its holdings in Ultralife Co. (NASDAQ:ULBI) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,067 shares of the technology company’s stock after purchasing an additional 2,836 shares during the period. Bank of America Corp DE owned approximately 0.07% of Ultralife worth $90,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 30.68% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Ultralife from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th.

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.