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.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Ultralife in a research report on Wednesday. They set a "strong-buy" rating on the stock.

Ultralife Trading Up 6.3 %

ULBI Stock opened at $4.91 on Friday. The company's 50-day simple moving average is $4.62 and its 200-day simple moving average is $4.91. The company has a quick ratio of 1.47, a current ratio of 3.24 and a debt-to-equity ratio of 0.17. Ultralife has a 52-week low of $4.16 and a 52-week high of $8.47. The firm has a market cap of $79.21 million, a P/E ratio of -54.55 and a beta of 1.38.

Insider Transactions at Ultralife

In related news, Director Bradford T. Whitmore purchased 40,052 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of $4.73 per share, with a total value of $189,445.96. Following the purchase, the director now owns 840,353 shares of the company's stock, valued at approximately $3,974,869.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Bradford T. Whitmore purchased 40,052 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of $4.73 per share, with a total value of $189,445.96. Following the purchase, the director now owns 840,353 shares of the company's stock, valued at approximately $3,974,869.69. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bradford T. Whitmore bought 30,690 shares of the firm's stock in a transaction on Wednesday, June 8th. The stock was acquired at an average cost of $5.20 per share, for a total transaction of $159,588.00. Following the completion of the purchase, the director now directly owns 740,353 shares in the company, valued at $3,849,835.60. The disclosure for this purchase can be found here. Insiders have bought a total of 113,870 shares of company stock valued at $550,616 in the last ninety days. 40.20% of the stock is currently owned by corporate insiders.