Ultimate Products (LON:ULTP) Shares Down 0.4% - Time to Sell?

Shares of Ultimate Products Plc (LON:ULTP - Get Free Report) were down 0.4% during mid-day trading on Friday . The stock traded as low as GBX 115 ($1.45) and last traded at GBX 115.50 ($1.45). Approximately 302,443 shares traded hands during trading, an increase of 195% from the average daily volume of 102,629 shares. The stock had previously closed at GBX 116 ($1.46).

Analysts Set New Price Targets

Several research firms recently commented on ULTP. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 182 ($2.29) target price on shares of Ultimate Products in a report on Tuesday, September 3rd. Shore Capital reaffirmed a "house stock" rating on shares of Ultimate Products in a research note on Tuesday, September 3rd.

Ultimate Products Price Performance

The firm has a market cap of £98.82 million, a P/E ratio of 825.00 and a beta of 1.39. The stock's 50 day simple moving average is GBX 124.33 and its two-hundred day simple moving average is GBX 135.02.

Ultimate Products Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be issued a GBX 4.93 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Ultimate Products's previous dividend of $2.45. This represents a yield of 3.47%. Ultimate Products's payout ratio is 5,000.00%.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.