Ultimate Products (LON:ULTP) Shares Down 18.6% - Here's Why

Ultimate Products Plc (LON:ULTP - Get Free Report) fell 18.6% during trading on Monday . The stock traded as low as GBX 72.12 ($0.90) and last traded at GBX 82.20 ($1.02). 783,401 shares were traded during mid-day trading, an increase of 362% from the average session volume of 169,440 shares. The stock had previously closed at GBX 101 ($1.26).

Ultimate Products Stock Down 0.2 %

The company has a market cap of £73.75 million, a P/E ratio of 615.71 and a beta of 1.39. The business has a 50-day moving average price of GBX 110.21 and a two-hundred day moving average price of GBX 128.33.

Ultimate Products Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were given a dividend of GBX 4.93 ($0.06) per share. The ex-dividend date was Thursday, January 2nd. This is an increase from Ultimate Products's previous dividend of $2.45. This represents a yield of 3.47%. Ultimate Products's dividend payout ratio is presently 5,000.00%.

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.