Ultralife Co. (NASDAQ:ULBI - Get Free Report) CEO Michael Edward Manna purchased 1,500 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of $7.25 per share, for a total transaction of $10,875.00. Following the transaction, the chief executive officer now owns 19,874 shares of the company's stock, valued at $144,086.50. This trade represents a 8.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Ultralife Stock Performance
Shares of ULBI traded up $0.15 during midday trading on Friday, reaching $7.47. 6,110 shares of the stock were exchanged, compared to its average volume of 79,370. Ultralife Co. has a twelve month low of $6.36 and a twelve month high of $13.39. The company has a quick ratio of 1.62, a current ratio of 3.30 and a debt-to-equity ratio of 0.04. The stock's 50 day simple moving average is $8.85 and its 200 day simple moving average is $10.14. The company has a market cap of $124.23 million, a P/E ratio of 13.31 and a beta of 0.98.
Institutional Investors Weigh In On Ultralife
A number of large investors have recently modified their holdings of the business. ClariVest Asset Management LLC boosted its holdings in Ultralife by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 66,657 shares of the technology company's stock worth $708,000 after acquiring an additional 1,864 shares in the last quarter. Barclays PLC lifted its position in shares of Ultralife by 21.3% during the third quarter. Barclays PLC now owns 13,395 shares of the technology company's stock worth $121,000 after acquiring an additional 2,355 shares in the last quarter. Geode Capital Management LLC increased its stake in Ultralife by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 232,681 shares of the technology company's stock worth $2,104,000 after acquiring an additional 2,835 shares during the last quarter. Perritt Capital Management Inc. increased its stake in Ultralife by 25.0% in the first quarter. Perritt Capital Management Inc. now owns 15,000 shares of the technology company's stock valued at $132,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Ultralife by 4.4% during the 2nd quarter. Acadian Asset Management LLC now owns 146,635 shares of the technology company's stock valued at $1,556,000 after buying an additional 6,206 shares in the last quarter. Institutional investors and hedge funds own 30.68% of the company's stock.
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ULBI has been the topic of several research reports. Benchmark reaffirmed a "buy" rating and issued a $14.00 price objective on shares of Ultralife in a research report on Friday, November 15th. StockNews.com cut Ultralife from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 3rd.
View Our Latest Research Report on ULBI
About Ultralife
(
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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