Ultimate Products Plc (LON:ULTP - Get Free Report) shares hit 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 changing hands. The stock had previously closed at GBX 71 ($0.92).
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Shore Capital reissued a "house stock" rating on shares of Ultimate Products in a report on Tuesday, March 25th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 130 ($1.68) target price on shares of Ultimate Products in a research note on Tuesday, March 25th.
Check Out Our Latest Report on Ultimate Products
Ultimate Products Stock Performance
The firm has a market cap of £54.48 million, a P/E ratio of 5.27 and a beta of 1.39. The company's 50 day moving average is GBX 82.55 and its 200 day moving average is GBX 110.44.
Ultimate Products (LON:ULTP - Get Free Report) last announced its quarterly earnings results on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) EPS for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. On average, equities research analysts anticipate that Ultimate Products Plc will post 14.53125 EPS for the current year.
Ultimate Products Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be paid a dividend of GBX 1.55 ($0.02) per share. This represents a dividend yield of 2.16%. The ex-dividend date is Thursday, May 29th. Ultimate Products's payout ratio is 57.44%.
About Ultimate Products
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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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