Ultralife (NASDAQ:ULBI) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Ultralife (NASDAQ:ULBI) released its quarterly earnings results on Tuesday. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.14), RTT News reports. Ultralife had a net margin of 5.44% and a return on equity of 7.92%. During the same period in the previous year, the firm earned $0.18 earnings per share.

Ultralife Stock Down 1.5 %

ULBI stock opened at $5.38 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.30 and a quick ratio of 1.62. The firm’s fifty day simple moving average is $6.62 and its 200-day simple moving average is $7.68. Ultralife has a 12 month low of $4.75 and a 12 month high of $13.39. The company has a market capitalization of $89.45 million, a P/E ratio of 9.78 and a beta of 1.05.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Ultralife from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

Institutional Investors Weigh In On Ultralife

An institutional investor recently raised its position in Ultralife stock. Bank of America Corp DE increased its holdings in Ultralife Co. (NASDAQ:ULBI) by 30.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,067 shares of the technology company’s stock after purchasing an additional 2,836 shares during the quarter. Bank of America Corp DE owned 0.07% of Ultralife worth $90,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.68% of the company’s stock.

Ultralife Company Profile

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.