Ultralife (ULBI) Projected to Post Quarterly Earnings on Thursday

Ultralife (NASDAQ:ULBI) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $40.00 million for the quarter.

Ultralife Stock Down 3.8 %

Shares of NASDAQ ULBI opened at $7.16 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.62 and a current ratio of 3.30. The firm has a market capitalization of $119.07 million, a price-to-earnings ratio of 13.02 and a beta of 0.96. The stock has a 50 day moving average price of $7.58 and a 200 day moving average price of $8.57. Ultralife has a 52-week low of $7.02 and a 52-week high of $13.39.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and issued a $14.00 price target on shares of Ultralife in a report on Friday, November 15th.

Hedge Funds Weigh In On Ultralife

A hedge fund recently raised its stake in Ultralife stock. Bank of America Corp DE raised its holdings in shares of Ultralife Co. (NASDAQ:ULBI) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,067 shares of the technology company’s stock after purchasing an additional 2,836 shares during the period. Bank of America Corp DE owned 0.07% of Ultralife worth $90,000 at the end of the most recent quarter. 30.68% of the stock is owned by institutional investors.

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.