Ultimate Products (LON:ULTP) Trading Down 0.2% – Here’s What Happened

Ultimate Products Plc (LON:ULTP)’s share price was down 0.2% on Thursday . The stock traded as low as GBX 48 and last traded at GBX 48.40. Approximately 174,982 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 191,455 shares. The stock had previously closed at GBX 48.50.

Ultimate Products Price Performance

The stock has a market capitalization of £40.38 million, a price-to-earnings ratio of 7.22 and a beta of 0.56. The company’s 50-day simple moving average is GBX 53.58 and its 200-day simple moving average is GBX 58.61.

Insider Buying and Selling at Ultimate Products

In other news, insider Chris Dent purchased 16,677 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average cost of GBX 53 per share, with a total value of £8,838.81. Company insiders own 43.27% of the company’s stock.

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.