Ultimate Products (LON:ULTP) Reaches New 12-Month Low - Here's What Happened

Ultimate Products Plc (LON:ULTP - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 71 ($0.92) and last traded at GBX 71.40 ($0.92), with a volume of 180110 shares trading hands. The stock had previously closed at GBX 74 ($0.96).

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Shore Capital reiterated a "house stock" rating on shares of Ultimate Products in a research note on Tuesday. Canaccord Genuity Group reissued a "buy" rating and set a GBX 130 ($1.68) price objective on shares of Ultimate Products in a report on Tuesday.

Ultimate Products Trading Down 1.0 %

The business's fifty day moving average price is GBX 87.12 and its 200 day moving average price is GBX 113.45. The company has a market capitalization of £60.46 million, a P/E ratio of 5.85 and a beta of 1.39.

Ultimate Products (LON:ULTP - Get Free Report) last posted its earnings results on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share for the quarter. Ultimate Products had a net margin of 6.77% and a return on equity of 21.95%. 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 announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be paid a GBX 1.55 ($0.02) dividend. This represents a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, May 29th. Ultimate Products's dividend payout ratio (DPR) is currently 57.44%.

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About Ultimate Products

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.