Ultralife (NASDAQ:ULBI – Get Free Report) is expected to issue its quarterly earnings data before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $40.00 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Ultralife Stock Down 5.9 %
NASDAQ:ULBI opened at $5.90 on Tuesday. Ultralife has a 1 year low of $5.79 and a 1 year high of $13.39. The company has a current ratio of 3.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04. The stock has a market cap of $98.10 million, a price-to-earnings ratio of 10.73 and a beta of 0.96. The stock has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $8.35.
Analyst Upgrades and Downgrades
Separately, Benchmark reissued a “buy” rating and issued a $14.00 target price on shares of Ultralife in a research note on Friday, November 15th.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Ultralife stock. Bank of America Corp DE lifted its position in shares of Ultralife Co. (NASDAQ:ULBI – Free Report) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,067 shares of the technology company’s stock after buying an additional 2,836 shares during the period. Bank of America Corp DE owned about 0.07% of Ultralife worth $90,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 30.68% of the company’s stock.
About Ultralife
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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