Ultimate Products Plc (LON:ULTP - Get Free Report) shares traded down 2.6% during trading on Thursday . The company traded as low as GBX 63 ($0.84) and last traded at GBX 63 ($0.84). 250,281 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 181,158 shares. The stock had previously closed at GBX 64.70 ($0.86).
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on ULTP. Shore Capital restated a "house stock" rating on shares of Ultimate Products in a report on Friday. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 130 ($1.73) target price on shares of Ultimate Products in a research note on Tuesday, March 25th.
Get Our Latest Research Report on Ultimate Products
Ultimate Products Price Performance
The stock's 50-day moving average is GBX 73.05 and its two-hundred day moving average is GBX 101.46. The company has a market cap of £53.80 million, a P/E ratio of 5.20 and a beta of 1.39.
Ultimate Products (LON:ULTP - Get Free Report) last posted its quarterly earnings data on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter. Ultimate Products had a net margin of 6.77% and a return on equity of 21.95%. On average, analysts predict that Ultimate Products Plc will post 14.53125 EPS for the current year.
Ultimate Products Cuts Dividend
The business also recently disclosed 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%.
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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