Ultra Electronics (LON:ULE) Shares Cross Below 200 Day Moving Average – Should You Sell?

Ultra Electronics Holdings plc (LON:ULE) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,500 ($43.74) and traded as low as GBX 3,493.05 ($43.66). Ultra Electronics shares last traded at GBX 3,500 ($43.74), with a volume of 1,110,150 shares changing hands.

Ultra Electronics Trading Up 0.2 %

The business’s fifty day moving average is GBX 3,500 and its two-hundred day moving average is GBX 3,500. The company has a quick ratio of 1.29, a current ratio of 1.76 and a debt-to-equity ratio of 33.94. The firm has a market cap of £2.51 billion and a price-to-earnings ratio of 3,723.40.

Ultra Electronics Company Profile

Ultra Electronics Holdings plc provides application-engineered bespoke solutions in the defense, security, critical detection, and control markets. The company operates through three segments: Maritime, Intelligence & Communications, and Critical Detection & Control. It offers sonobuoys and anti-submarine warfare systems; integrated hull and variable depth sonar systems for manned and unmanned platforms; torpedo defense systems; deployable underwater sensors; electronic warfare systems; and naval systems and sensors, such as acoustic and sonar systems, torpedo defense, and radar sensor solutions, as well as degaussing systems and power conversion solutions for naval applications.