EA Series Trust purchased a new position in shares of Ultralife Co. (NASDAQ:ULBI – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,571 shares of the technology company’s stock, valued at approximately $119,000. EA Series Trust owned approximately 0.15% of Ultralife at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in ULBI. State Street Corp grew its position in shares of Ultralife by 6.9% during the 1st quarter. State Street Corp now owns 40,120 shares of the technology company’s stock worth $215,000 after buying an additional 2,596 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Ultralife during the 4th quarter worth $145,000. Millennium Management LLC purchased a new stake in shares of Ultralife during the 4th quarter worth $99,000. Shikiar Asset Management Inc. purchased a new stake in shares of Ultralife during the 1st quarter worth $40,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Ultralife by 16.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 634,872 shares of the technology company’s stock worth $2,552,000 after purchasing an additional 89,873 shares during the last quarter. Institutional investors own 25.84% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ULBI. StockNews.com began coverage on Ultralife in a research note on Thursday, October 5th. They set a “buy” rating for the company. Benchmark restated a “buy” rating and set a $12.00 price objective on shares of Ultralife in a research note on Tuesday, August 8th. Finally, TheStreet upgraded Ultralife from a “d+” rating to a “c-” rating in a research note on Wednesday, July 12th.
Ultralife Trading Down 3.6 %
Ultralife stock opened at $9.77 on Wednesday. The stock has a 50-day moving average of $9.83 and a two-hundred day moving average of $6.76. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 3.01. Ultralife Co. has a one year low of $3.67 and a one year high of $11.85. The stock has a market cap of $157.79 million, a PE ratio of 57.47 and a beta of 1.34.
Ultralife (NASDAQ:ULBI – Get Free Report) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.29 EPS for the quarter. Ultralife had a return on equity of 3.92% and a net margin of 1.76%. The company had revenue of $42.69 million during the quarter.
About Ultralife
Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.
Further Reading
- Five stocks we like better than Ultralife
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Election Stocks: How Elections Affect the Stock Market
- Trading Halts Explained
- Looking Into Renewable Energy Trends? Your Best Bets
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Over Sold and Left for Dead, High Yield Verizon Raises Guidance
Want to see what other hedge funds are holding ULBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultralife Co. (NASDAQ:ULBI – Free Report).
Receive News & Ratings for Ultralife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultralife and related companies with MarketBeat.com's FREE daily email newsletter.
