Ultimate Products (LON:ULTP) Shares Up 0.3% - What's Next?

Ultimate Products Plc (LON:ULTP - Get Free Report) shares rose 0.3% during trading on Monday . The stock traded as high as GBX 77.60 ($1.05) and last traded at GBX 74.60 ($1.01). Approximately 385,751 shares were traded during trading, an increase of 71% from the average daily volume of 226,200 shares. The stock had previously closed at GBX 74.40 ($1.01).

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Shore Capital restated a "house stock" rating on shares of Ultimate Products in a research report on Friday, April 25th. Canaccord Genuity Group restated a "buy" rating and set a GBX 130 ($1.76) price target on shares of Ultimate Products in a report on Tuesday, March 25th.

Ultimate Products Price Performance

The firm's 50-day moving average is GBX 68.08 and its two-hundred day moving average is GBX 87.53. The company has a market cap of £64.15 million, a P/E ratio of 6.20 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%. As a group, sell-side analysts expect that Ultimate Products Plc will post 14.53125 EPS for the current year.

Ultimate Products Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders 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 yield of 2.16%. Ultimate Products's dividend payout ratio (DPR) is presently 57.44%.

Ultimate Products Company Profile

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.