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

Ultra Electronics Holdings plc (LON:ULE)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,500 ($43.23) and traded as high as GBX 3,500 ($43.23). Ultra Electronics shares last traded at GBX 3,500 ($43.23), with a volume of 1,110,150 shares trading hands.

Ultra Electronics Price Performance

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

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.