Ultimate Products Plc (LON:ULTP - Get Free Report) was down 1.7% during mid-day trading on Friday . The company traded as low as GBX 69.40 ($0.92) and last traded at GBX 70.40 ($0.94). Approximately 460,949 shares changed hands during trading, an increase of 128% from the average daily volume of 201,904 shares. The stock had previously closed at GBX 71.60 ($0.95).
Wall Street Analyst Weigh In
ULTP has been the topic of several analyst reports. Shore Capital restated a "house stock" rating on shares of Ultimate Products in a report on Friday, April 25th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 130 ($1.73) price target on shares of Ultimate Products in a research note on Tuesday, March 25th.
View Our Latest Stock Analysis on ULTP
Ultimate Products Price Performance
The company's 50-day moving average is GBX 68.11 and its 200-day moving average is GBX 93.96. The firm has a market capitalization of £59.74 million, a price-to-earnings ratio of 5.78 and a beta of 1.39.
Ultimate Products (LON:ULTP - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share for the quarter. Ultimate Products had a net margin of 6.77% and a return on equity of 21.95%. Sell-side analysts anticipate that Ultimate Products Plc will post 14.53125 earnings per share for the current year.
Ultimate Products Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be given a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 2.16%. Ultimate Products's payout ratio is currently 57.44%.
Ultimate Products Company Profile
(
Get Free Report)
Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK's oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group's products.
Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.
Further Reading
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