Ultimate Products (LON:ULTP) Shares Down 1.6% – Time to Sell?

Ultimate Products Plc (LON:ULTP)’s stock price fell 1.6% during trading on Friday . The stock traded as low as GBX 61 ($0.82) and last traded at GBX 61.20 ($0.82). 62,210 shares traded hands during trading, a decline of 78% from the average session volume of 278,804 shares. The stock had previously closed at GBX 62.20 ($0.84).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a report on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 105.

Ultimate Products Stock Down 1.6%

The firm has a market capitalization of £51.31 million, a price-to-earnings ratio of 755.56 and a beta of 1.39. The stock’s 50 day moving average price is GBX 60.59 and its two-hundred day moving average price is GBX 66.19.

Insider Transactions at Ultimate Products

In other news, insider Chris Dent purchased 1,992 shares of the firm’s stock in a transaction on Wednesday, June 25th. The stock was bought at an average cost of GBX 50 per share, for a total transaction of £996. 43.05% of the stock is owned by company insiders.

About Ultimate Products

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.