Ultralife (ULBI) Announces Earnings Results
Ultralife (NASDAQ:ULBI) issued its quarterly earnings results on Thursday. The technology company reported $0.12 earnings per share (EPS) for the quarter, Morningstar.com reports. Ultralife had a net margin of 6.61% and a return on equity of 7.83%. The company had revenue of $22.51 million during the quarter.
Ultralife (NASDAQ ULBI) opened at $7.10 on Friday. Ultralife has a 12-month low of $5.00 and a 12-month high of $7.90. The stock has a market cap of $103.14, a PE ratio of 19.72 and a beta of -0.11.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Global X Management Co. LLC lifted its position in Ultralife by 18.8% during the 4th quarter. Global X Management Co. LLC now owns 339,863 shares of the technology company’s stock valued at $2,226,000 after acquiring an additional 53,677 shares during the period. Bailard Inc. purchased a new position in Ultralife during the 4th quarter valued at about $203,000. Essex Investment Management Co. LLC raised its holdings in Ultralife by 11.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 124,967 shares of the technology company’s stock worth $819,000 after buying an additional 12,639 shares during the last quarter. Algert Global LLC raised its holdings in Ultralife by 37.7% in the fourth quarter. Algert Global LLC now owns 134,095 shares of the technology company’s stock worth $878,000 after buying an additional 36,709 shares during the last quarter. Finally, Shikiar Asset Management Inc. raised its holdings in Ultralife by 52.8% in the fourth quarter. Shikiar Asset Management Inc. now owns 27,500 shares of the technology company’s stock worth $180,000 after buying an additional 9,500 shares during the last quarter. 26.16% of the stock is owned by institutional investors.
Ultralife Company Profile
Ultralife Corporation offers products and services ranging from power solutions to communications and electronics systems. The Company designs and manufactures power and communications systems, including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom engineered systems.
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