Ultimate Products (LON:ULTP) Reaches New 1-Year Low – Here’s Why

Ultimate Products Plc (LON:ULTP) shares hit a new 52-week low during trading on Friday . The company traded as low as GBX 40.20 and last traded at GBX 40.70, with a volume of 891554 shares trading hands. The stock had previously closed at GBX 43.60.

Wall Street Analyst Weigh In

ULTP has been the topic of a number of research analyst reports. Shore Capital Group reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, May 26th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 80 price objective on shares of Ultimate Products in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 80.

Ultimate Products Stock Down 6.7%

The stock’s 50-day moving average is GBX 45.88 and its 200 day moving average is GBX 51.16. The stock has a market capitalization of £33.96 million, a PE ratio of 9.04 and a beta of 0.57.

Ultimate Products (LON:ULTP) last announced its quarterly earnings data on Tuesday, March 24th. The company reported GBX 2.70 EPS for the quarter. Ultimate Products had a net margin of 2.69% and a return on equity of 8.41%. As a group, equities research analysts forecast that Ultimate Products Plc will post 14.53125 EPS for the current year.

Insider Buying and Selling

In other Ultimate Products news, insider Chris Dent bought 23,923 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was bought at an average cost of GBX 52 per share, with a total value of £12,439.96. 43.30% of the stock is owned by corporate insiders.

About Ultimate Products

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.