StockNews.com Lowers Ultralife (NASDAQ:ULBI) to Buy

StockNews.com cut shares of Ultralife (NASDAQ:ULBI) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

Separately, Benchmark boosted their price target on shares of Ultralife from $12.00 to $13.00 and gave the company a buy rating in a report on Tuesday, March 5th.

Ultralife Price Performance

Shares of NASDAQ:ULBI opened at $12.55 on Thursday. The company has a market capitalization of $206.70 million, a PE ratio of 19.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.16 and a current ratio of 4.03. The stock has a fifty day moving average of $9.49 and a 200-day moving average of $8.23. Ultralife has a one year low of $3.92 and a one year high of $12.68.

Ultralife (NASDAQ:ULBI) last announced its earnings results on Thursday, February 15th. The technology company reported $0.18 EPS for the quarter. The business had revenue of $44.55 million during the quarter. Ultralife had a return on equity of 10.31% and a net margin of 6.19%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EAM Investors LLC acquired a new position in Ultralife during the third quarter worth $1,776,000. Acadian Asset Management LLC acquired a new position in shares of Ultralife during the 3rd quarter valued at about $1,039,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ultralife in the 3rd quarter valued at approximately $641,000. ClariVest Asset Management LLC acquired a new stake in Ultralife in the 3rd quarter worth approximately $616,000. Finally, Navellier & Associates Inc. bought a new stake in Ultralife during the fourth quarter worth approximately $310,000. Institutional investors own 30.68% of the company’s stock.

Ultralife Company Profile

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.