Ultralife Co. (NASDAQ:ULBI - Get Free Report) Director W. Shaw Robert purchased 2,500 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of $7.91 per share, with a total value of $19,775.00. Following the completion of the acquisition, the director now owns 65,250 shares in the company, valued at approximately $516,127.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ultralife Price Performance
ULBI stock opened at $8.00 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.07 and a quick ratio of 2.06. The firm has a market capitalization of $132.96 million, a P/E ratio of 14.55 and a beta of 0.98. The business's 50-day moving average is $9.09 and its two-hundred day moving average is $10.32. Ultralife Co. has a 1 year low of $6.36 and a 1 year high of $13.39.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Ultralife from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 3rd.
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Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in shares of Ultralife in the 1st quarter valued at about $200,000. Empowered Funds LLC lifted its holdings in shares of Ultralife by 7.8% in the 1st quarter. Empowered Funds LLC now owns 31,396 shares of the technology company's stock valued at $277,000 after buying an additional 2,275 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Ultralife in the 1st quarter valued at approximately $100,000. Hillsdale Investment Management Inc. acquired a new position in Ultralife during the first quarter worth $166,000. Finally, Vanguard Group Inc. raised its holdings in Ultralife by 1.3% during the first quarter. Vanguard Group Inc. now owns 515,840 shares of the technology company's stock worth $4,545,000 after purchasing an additional 6,640 shares during the last quarter. Hedge funds and other institutional investors own 30.68% of the company's stock.
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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