Ultralife (NASDAQ:ULBI) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Ultralife (NASDAQ:ULBI) from a buy rating to a hold rating in a research note published on Tuesday.

Ultralife Trading Down 2.8 %

NASDAQ:ULBI opened at $5.51 on Tuesday. Ultralife has a fifty-two week low of $5.31 and a fifty-two week high of $13.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.30 and a quick ratio of 1.62. The stock has a market capitalization of $91.61 million, a PE ratio of 10.02 and a beta of 1.05. The business’s 50-day simple moving average is $6.94 and its 200-day simple moving average is $7.91.

Institutional Investors Weigh In On Ultralife

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Ultralife by 250.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 47,458 shares of the technology company’s stock valued at $429,000 after acquiring an additional 33,929 shares in the last quarter. Geode Capital Management LLC lifted 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 valued at $2,104,000 after acquiring an additional 2,835 shares in the last quarter. IFP Advisors Inc bought a new stake in Ultralife in the 4th quarter valued at approximately $85,000. Janney Montgomery Scott LLC lifted its stake in Ultralife by 0.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 447,000 shares of the technology company’s stock valued at $3,330,000 after acquiring an additional 3,850 shares in the last quarter. Finally, Barclays PLC lifted its stake in Ultralife by 21.3% in the 3rd quarter. Barclays PLC now owns 13,395 shares of the technology company’s stock valued at $121,000 after acquiring an additional 2,355 shares in the last quarter. Institutional investors own 30.68% of the company’s stock.

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.