Ultra Electronics (LON:ULE) Shares Pass Above 200 Day Moving Average of $3,500.00

Ultra Electronics Holdings plc (LON:ULE)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,500 ($43.80) and traded as high as GBX 3,500 ($43.80). Ultra Electronics shares last traded at GBX 3,500 ($43.80), with a volume of 1,110,150 shares traded.

Ultra Electronics Stock Performance

The stock’s fifty day moving average price is GBX 3,500 and its two-hundred day moving average price is GBX 3,500. The company has a debt-to-equity ratio of 33.94, a quick ratio of 1.29 and a current ratio of 1.76. The company has a market cap of £2.51 billion and a P/E ratio of 3,723.40.

About Ultra Electronics

Ultra Electronics Holdings plc provides application-engineered bespoke solutions in the defense, security, critical detection, and control markets. The company operates through three segments: Maritime, Intelligence & Communications, and Critical Detection & Control. It offers sonobuoys and anti-submarine warfare systems; integrated hull and variable depth sonar systems for manned and unmanned platforms; torpedo defense systems; deployable underwater sensors; electronic warfare systems; and naval systems and sensors, such as acoustic and sonar systems, torpedo defense, and radar sensor solutions, as well as degaussing systems and power conversion solutions for naval applications.