Ultimate Products (LON:ULTP) Stock Price Up 1% - Here's What Happened

Ultimate Products Plc (LON:ULTP - Get Free Report) shot up 1% during trading on Tuesday . The stock traded as high as GBX 87.80 ($1.10) and last traded at GBX 85 ($1.07). 63,219 shares were traded during mid-day trading, a decline of 66% from the average session volume of 188,192 shares. The stock had previously closed at GBX 84.20 ($1.06).

Ultimate Products Stock Performance

The stock has a market cap of £66.70 million, a P/E ratio of 6.45 and a beta of 1.39. The firm's 50-day simple moving average is GBX 100.01 and its 200 day simple moving average is GBX 122.17.

Ultimate Products Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd were given a GBX 4.93 ($0.06) dividend. This is a boost from Ultimate Products's previous dividend of $2.45. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a yield of 3.47%. Ultimate Products's dividend payout ratio is 57.44%.

Ultimate Products Company Profile

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.