Ultralife - ULBI Stock Forecast, Price & News

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. The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle adapters, vehicle installed power enhanced rifleman appliqué systems, and SATCOM systems. This segment's military communications systems and accessories are designed to enhance and extend the operation of communications equipment, such as vehicle-mounted, manpack, and handheld transceivers. It sells its products under the Ultralife, Ultralife Thin Cell, Utralife HiRate, Ultralife and design, Ultra, Lithium Power, LithiumPower and Design, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE Southwest Electronic Energy Group, SWE DRILL-DATA, and SWE SEASAFE brands through original equipment manufacturers, and industrial and defense supply distributors, as well as directly to the United States and international defense departments. In addition, the company sells its 9-volt battery to the broader consumer market through national and regional retail chains and online retailers. Ultralife Corporation serves government, defense, and commercial sectors. The company was incorporated in 1990 and is headquartered in Newark, New York.

Ultralife Stock Performance

Ultralife stock opened at $4.69 on Tuesday. Ultralife has a 52 week low of $4.16 and a 52 week high of $8.47. The company's 50 day moving average price is $4.65 and its two-hundred day moving average price is $4.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.24 and a quick ratio of 1.47.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Ultralife in a research note on Tuesday, August 9th. They issued a "strong-buy" rating for the company.

Insider Transactions at Ultralife

In other news, Director Bradford T. Whitmore purchased 30,690 shares of Ultralife stock in a transaction dated Wednesday, June 8th. The stock was purchased at an average cost of $5.20 per share, for a total transaction of $159,588.00. Following the transaction, the director now directly owns 740,353 shares of the company's stock, valued at $3,849,835.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Bradford T. Whitmore acquired 30,690 shares of the firm's stock in a transaction on Wednesday, June 8th. The shares were purchased at an average price of $5.20 per share, for a total transaction of $159,588.00. Following the completion of the transaction, the director now owns 740,353 shares of the company's stock, valued at $3,849,835.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bradford T. Whitmore purchased 30,848 shares of Ultralife stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average price of $4.60 per share, for a total transaction of $141,900.80. Following the transaction, the director now directly owns 771,201 shares of the company's stock, valued at $3,547,524.60. The disclosure for this purchase can be found here. Insiders purchased a total of 113,870 shares of company stock worth $550,616 in the last quarter. Insiders own 40.20% of the company's stock.