Ultimate Products (LON:ULTP) Shares Down 3.3% – What’s Next?

Ultimate Products Plc (LON:ULTP)’s stock price fell 3.3% during mid-day trading on Friday . The stock traded as low as GBX 52 and last traded at GBX 52.80. 313,026 shares changed hands during trading, an increase of 54% from the average session volume of 203,533 shares. The stock had previously closed at GBX 54.60.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Shore Capital reissued a “house stock” rating on shares of Ultimate Products in a report on Tuesday, October 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 80 price objective on shares of Ultimate Products in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 80.

Ultimate Products Stock Performance

The company has a 50 day simple moving average of GBX 59.37 and a two-hundred day simple moving average of GBX 60.26. The firm has a market cap of £44.20 million, a PE ratio of 7.88 and a beta of 1.39.

Ultimate Products (LON:ULTP) last announced its quarterly earnings data on Tuesday, October 28th. The company reported GBX 6.80 earnings per share (EPS) for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. As a group, research analysts predict that Ultimate Products Plc will post 14.53125 earnings per share for the current fiscal year.

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.