Ultimate Products (LON:ULTP) Trading Down 1.1%

Shares of Ultimate Products Plc (LON:ULTP) were down 1.1% during mid-day trading on Tuesday . The stock traded as low as GBX 139 ($1.86) and last traded at GBX 140.50 ($1.88). Approximately 127,072 shares were traded during trading, an increase of 19% from the average daily volume of 106,355 shares. The stock had previously closed at GBX 142 ($1.90).

Analyst Ratings Changes

A number of research analysts recently weighed in on ULTP shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 182 ($2.44) target price on shares of Ultimate Products in a research report on Tuesday, September 3rd. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd.

Ultimate Products Stock Down 1.1 %

The stock has a market cap of £120.63 million, a price-to-earnings ratio of 1,003.57 and a beta of 1.39. The business’s 50 day simple moving average is GBX 141.62 and its 200 day simple moving average is GBX 147.

Insider Buying and Selling at Ultimate Products

In other news, insider Chris Dent purchased 1,780 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of GBX 140 ($1.87) per share, for a total transaction of £2,492 ($3,336.90). In related news, insider Chris Dent bought 1,780 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of GBX 140 ($1.87) per share, for a total transaction of £2,492 ($3,336.90). Also, insider Simon Showman sold 45,720 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.83), for a total transaction of £62,636.40 ($83,873.06). Corporate insiders own 57.15% of the company’s stock.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.