Ultralife (NASDAQ:ULBI – Get Free Report) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Separately, Benchmark lifted their target price on shares of Ultralife from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th.
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Ultralife Stock Down 0.1 %
Ultralife (NASDAQ:ULBI – Get Free Report) last issued its quarterly earnings data on Thursday, February 15th. The technology company reported $0.18 earnings per share for the quarter. The business had revenue of $44.55 million for the quarter. Ultralife had a return on equity of 10.31% and a net margin of 6.19%.
Institutional Trading of Ultralife
A number of hedge funds have recently bought and sold shares of ULBI. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ultralife in the third quarter valued at about $36,000. Victory Capital Management Inc. bought a new stake in shares of Ultralife in the 4th quarter worth approximately $59,000. Citigroup Inc. acquired a new stake in shares of Ultralife during the 3rd quarter worth approximately $74,000. Algert Global LLC bought a new stake in shares of Ultralife during the third quarter valued at approximately $106,000. Finally, Jump Financial LLC acquired a new position in shares of Ultralife in the third quarter valued at $118,000. 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.
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