Ultralife (NASDAQ:ULBI) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Ultralife (NASDAQ:ULBIGet Rating) in a research note issued to investors on Tuesday. The brokerage set a “strong-buy” rating on the technology company’s stock.

Separately, TheStreet cut shares of Ultralife from a “c-” rating to a “d” rating in a report on Friday, February 4th.

Shares of ULBI stock opened at $4.80 on Tuesday. The company has a market capitalization of $77.41 million, a PE ratio of -240.00 and a beta of 1.55. The firm has a fifty day simple moving average of $5.21 and a 200-day simple moving average of $5.68. The company has a current ratio of 3.52, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. Ultralife has a twelve month low of $4.24 and a twelve month high of $11.78.

Ultralife (NASDAQ:ULBIGet Rating) last posted its quarterly earnings results on Thursday, February 3rd. The technology company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $23.76 million during the quarter. Ultralife had a negative net margin of 0.24% and a negative return on equity of 0.32%.

In other news, Director Bradford T. Whitmore acquired 54,900 shares of the company’s stock in a transaction that occurred on Thursday, February 24th. The shares were acquired at an average price of $4.44 per share, with a total value of $243,756.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired 57,930 shares of company stock worth $259,213 over the last three months. 39.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new position in Ultralife in the 1st quarter valued at about $36,000. Annex Advisory Services LLC bought a new position in Ultralife in the 4th quarter valued at about $89,000. BlackRock Inc. grew its position in Ultralife by 6.5% in the 4th quarter. BlackRock Inc. now owns 153,345 shares of the technology company’s stock valued at $926,000 after buying an additional 9,303 shares in the last quarter. Geode Capital Management LLC grew its position in Ultralife by 10.0% in the 3rd quarter. Geode Capital Management LLC now owns 161,535 shares of the technology company’s stock valued at $1,142,000 after buying an additional 14,731 shares in the last quarter. Finally, Teton Advisors Inc. grew its position in Ultralife by 4.4% in the 4th quarter. Teton Advisors Inc. now owns 189,000 shares of the technology company’s stock valued at $1,142,000 after buying an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 30.09% of the company’s stock.

About Ultralife (Get Rating)

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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