Ultimate Products (LON:ULTP) Sets New 12-Month Low – Should You Sell?

Ultimate Products Plc (LON:ULTP) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 110.53 ($1.41) and last traded at GBX 111.82 ($1.43), with a volume of 118234 shares traded. The stock had previously closed at GBX 113 ($1.44).

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ULTP shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 182 ($2.32) target price on shares of Ultimate Products in a research report on Tuesday, September 3rd. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd.

Ultimate Products Trading Down 1.0 %

The company has a 50-day moving average of GBX 132.23 and a 200-day moving average of GBX 138.76. The company has a market capitalization of £95.67 million, a price-to-earnings ratio of 800.00 and a beta of 1.39.

Ultimate Products Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be paid a dividend of GBX 4.93 ($0.06) per share. This represents a yield of 3.47%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Ultimate Products’s previous dividend of $2.45. Ultimate Products’s payout ratio is presently 5,000.00%.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.