Ultralife (NASDAQ:ULBI) Upgraded to Buy at StockNews.com

Ultralife (NASDAQ:ULBI - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.

Ultralife Price Performance

NASDAQ:ULBI traded up $0.24 during trading hours on Monday, hitting $5.29. The stock had a trading volume of 64,185 shares, compared to its average volume of 70,636. The company has a 50 day simple moving average of $4.94 and a two-hundred day simple moving average of $6.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.30 and a quick ratio of 1.62. Ultralife has a one year low of $4.07 and a one year high of $12.63. The firm has a market capitalization of $87.99 million, a price-to-earnings ratio of 9.62 and a beta of 0.77.

Ultralife (NASDAQ:ULBI - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.02). Ultralife had a return on equity of 7.92% and a net margin of 5.44%. The company had revenue of $50.75 million for the quarter, compared to the consensus estimate of $54.50 million. During the same period in the prior year, the firm posted $0.21 earnings per share.

Institutional Trading of Ultralife

A number of hedge funds have recently made changes to their positions in ULBI. Jane Street Group LLC bought a new stake in shares of Ultralife during the 3rd quarter worth $166,000. Barclays PLC lifted its holdings in shares of Ultralife by 21.3% during the 3rd quarter. Barclays PLC now owns 13,395 shares of the technology company's stock worth $121,000 after acquiring an additional 2,355 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Ultralife by 250.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 47,458 shares of the technology company's stock worth $429,000 after acquiring an additional 33,929 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Ultralife by 0.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 447,000 shares of the technology company's stock worth $3,330,000 after acquiring an additional 3,850 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in Ultralife in the 4th quarter worth $85,000. 30.68% of the stock is owned by institutional investors.

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.

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