Separately, TheStreet lowered shares of Ultralife from a “c-” rating to a “d” rating in a research note on Friday, February 4th.
Shares of Ultralife stock opened at $4.59 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.52 and a quick ratio of 1.76. The company has a 50-day moving average of $5.19 and a 200 day moving average of $5.60. The firm has a market cap of $74.02 million, a price-to-earnings ratio of -229.50 and a beta of 1.55. Ultralife has a 1 year low of $4.24 and a 1 year high of $11.78.
In other news, Director Bradford T. Whitmore acquired 54,900 shares of Ultralife stock in a transaction on Thursday, February 24th. The stock was acquired at an average cost of $4.44 per share, for a total transaction of $243,756.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders purchased 57,930 shares of company stock valued at $259,213. 38.40% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC increased its stake in Ultralife by 44.5% during the 1st quarter. Annex Advisory Services LLC now owns 21,296 shares of the technology company’s stock valued at $114,000 after purchasing an additional 6,557 shares in the last quarter. BlackRock Inc. increased its stake in Ultralife by 6.5% during the 4th quarter. BlackRock Inc. now owns 153,345 shares of the technology company’s stock valued at $926,000 after purchasing an additional 9,303 shares in the last quarter. Visionary Wealth Advisors boosted its holdings in shares of Ultralife by 1.0% during the 4th quarter. Visionary Wealth Advisors now owns 901,535 shares of the technology company’s stock valued at $5,445,000 after acquiring an additional 9,150 shares during the last quarter. Teton Advisors Inc. boosted its holdings in shares of Ultralife by 4.4% during the 4th quarter. Teton Advisors Inc. now owns 189,000 shares of the technology company’s stock valued at $1,142,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ultralife by 4.2% during the 4th quarter. Renaissance Technologies LLC now owns 256,090 shares of the technology company’s stock valued at $1,547,000 after acquiring an additional 10,332 shares during the last quarter. Institutional investors and hedge funds 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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