Ultimate Products (LON:ULTP) Sets New 52-Week Low – Here’s Why

Ultimate Products Plc (LON:ULTP)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 69 ($0.90) and last traded at GBX 70 ($0.92), with a volume of 69092 shares changing hands. The stock had previously closed at GBX 71 ($0.93).

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, March 25th. Canaccord Genuity Group restated a “buy” rating and set a GBX 130 ($1.70) target price on shares of Ultimate Products in a report on Tuesday, March 25th.

Ultimate Products Trading Down 0.7 %

The stock’s 50 day moving average is GBX 84.14 and its two-hundred day moving average is GBX 111.29. The stock has a market capitalization of £58.89 million, a price-to-earnings ratio of 5.69 and a beta of 1.39.

Ultimate Products (LON:ULTP) last posted its quarterly earnings data on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. On average, research analysts anticipate that Ultimate Products Plc will post 14.53125 earnings per share for the current year.

Ultimate Products Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, May 29th will be paid a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a dividend yield of 2.16%. Ultimate Products’s dividend payout ratio is currently 57.44%.

About Ultimate Products

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.