Ultralife (NASDAQ:ULBI – Get Free Report) released its quarterly earnings data on Thursday. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.09), FiscalAI reports. Ultralife had a negative net margin of 3.50% and a positive return on equity of 2.75%. The company had revenue of $48.27 million during the quarter, compared to analyst estimates of $56.00 million.
Ultralife Trading Up 0.1%
Shares of ULBI stock traded up $0.01 during trading hours on Thursday, reaching $15.63. The company had a trading volume of 242,421 shares, compared to its average volume of 65,842. Ultralife has a 1-year low of $4.90 and a 1-year high of $15.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.30. The firm has a market cap of $260.40 million, a price-to-earnings ratio of -39.08 and a beta of 0.63. The company has a 50 day moving average of $7.24 and a 200 day moving average of $6.60.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Ultralife in a research note on Wednesday, September 9th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Ultralife
Ultralife Company Profile
Ultralife Corporation is a New York-based manufacturer of power and communications products serving government, defense, aerospace, industrial, medical and other specialized markets. The company develops and produces batteries, battery packs, chargers and related power-management products designed for portable and mission-critical equipment.
Ultralife’s product portfolio includes lithium primary and rechargeable batteries, custom battery assemblies, military battery systems, charging equipment and accessories.
Featured Stories
- Five stocks we like better than Ultralife
- Google’s Credit Backstop May Be TeraWulf’s Biggest Advantage
- Could the Midterms Revive Medicare for All? 3 Healthcare Stocks to Watch
- Qualcomm Beat Earnings, But Its Fastest-Growing Businesses Have a Catch
- Oil, Uranium, or Renewables? 3 Energy Plays for a Changing Market
Receive News & Ratings for Ultralife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultralife and related companies with MarketBeat.com's FREE daily email newsletter.
