Ultimate Products (LON:ULTP) Shares Down 1.3% – Here’s Why

Shares of Ultimate Products Plc (LON:ULTP) were down 1.3% on Friday . The stock traded as low as GBX 45.94 and last traded at GBX 46.20. Approximately 459,321 shares were traded during mid-day trading, an increase of 151% from the average daily volume of 182,680 shares. The stock had previously closed at GBX 46.80.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 80 target price on shares of Ultimate Products in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 80.

Ultimate Products Price Performance

The stock’s 50 day simple moving average is GBX 48.45 and its two-hundred day simple moving average is GBX 55.49. The stock has a market capitalization of £38.55 million, a PE ratio of 10.27 and a beta of 0.56.

Ultimate Products (LON:ULTP) last issued its quarterly earnings results on Tuesday, March 24th. The company reported GBX 2.70 earnings per share (EPS) for the quarter. Ultimate Products had a net margin of 2.69% and a return on equity of 8.41%. As a group, equities research analysts predict that Ultimate Products Plc will post 14.53125 earnings per share for the current fiscal year.

Insider Transactions at Ultimate Products

In other Ultimate Products news, insider Chris Dent sold 9,749 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of GBX 53, for a total value of £5,166.97. 43.27% of the stock is owned by corporate insiders.

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.