Ultra Electronics (LON:ULE) Stock Passes Above 200-Day Moving Average of $3,500.00

Ultra Electronics Holdings plc (LON:ULE)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,500 ($43.57) and traded as high as GBX 3,500 ($43.57). Ultra Electronics shares last traded at GBX 3,500 ($43.57), with a volume of 1,110,150 shares changing hands.

Ultra Electronics Stock Up 0.2 %

The company’s fifty day simple moving average is GBX 3,500 and its 200 day simple moving average is GBX 3,500. The firm has a market capitalization of £2.51 billion and a P/E ratio of 3,723.40. The company has a current ratio of 1.76, a quick ratio of 1.29 and a debt-to-equity ratio of 33.94.

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.