Ultimate Products (LON:ULTP) Shares Down 3.9% – Here’s What Happened

Shares of Ultimate Products Plc (LON:ULTP) traded down 3.9% during mid-day trading on Monday . The stock traded as low as GBX 59.20 ($0.79) and last traded at GBX 59.20 ($0.79). 102,522 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 261,758 shares. The stock had previously closed at GBX 61.60 ($0.82).

Analysts Set New Price Targets

Separately, Shore Capital reiterated 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 currently has an average rating of “Buy” and an average target price of GBX 105.

Ultimate Products Stock Performance

The firm has a market capitalization of £49.64 million, a PE ratio of 730.86 and a beta of 1.39. The stock’s 50 day simple moving average is GBX 61.56 and its two-hundred day simple moving average is GBX 64.47.

Ultimate Products Company Profile

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.