Ultralife (ULBI) Expected to Announce Quarterly Earnings on Tuesday

Ultralife (NASDAQ:ULBI) is projected to issue its quarterly earnings data before the market opens on Tuesday, April 1st. Analysts expect the company to announce earnings of $0.15 per share and revenue of $40.00 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ultralife Stock Down 0.2 %

Shares of NASDAQ ULBI opened at $5.46 on Monday. The firm’s fifty day moving average is $6.67 and its 200 day moving average is $7.71. Ultralife has a 52 week low of $5.28 and a 52 week high of $13.39. The company has a quick ratio of 1.62, a current ratio of 3.30 and a debt-to-equity ratio of 0.04. The company has a market cap of $90.78 million, a price-to-earnings ratio of 9.93 and a beta of 1.05.

Institutional Investors Weigh In On Ultralife

An institutional investor recently raised its position in Ultralife stock. Bank of America Corp DE lifted its holdings in shares of Ultralife Co. (NASDAQ:ULBI) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,067 shares of the technology company’s stock after acquiring an additional 2,836 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Ultralife worth $90,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 30.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Ultralife from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th.

About Ultralife

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.