Ultimate Products Plc (LON:ULTP - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 69 ($0.89) and last traded at GBX 70 ($0.90), with a volume of 69092 shares traded. The stock had previously closed at GBX 71 ($0.92).
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ULTP. Shore Capital restated a "house stock" rating on shares of Ultimate Products in a research note on Tuesday, March 25th. Canaccord Genuity Group restated a "buy" rating and set a GBX 130 ($1.68) price target on shares of Ultimate Products in a research report on Tuesday, March 25th.
Check Out Our Latest Stock Analysis on ULTP
Ultimate Products Trading Down 5.9 %
The company has a market capitalization of £54.48 million, a price-to-earnings ratio of 5.27 and a beta of 1.39. The firm has a 50-day moving average price of GBX 82.55 and a 200-day moving average price of GBX 110.21.
Ultimate Products (LON:ULTP - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. Equities research analysts predict that Ultimate Products Plc will post 14.53125 EPS for the current fiscal year.
Ultimate Products Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be issued a GBX 1.55 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 2.16%. Ultimate Products's dividend payout ratio is currently 57.44%.
About Ultimate Products
(
Get Free Report)
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.
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