Ultimate Products (LON:ULTP) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

Ultimate Products Plc (LON:ULTP) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 49.31 and traded as high as GBX 49.90. Ultimate Products shares last traded at GBX 49.90, with a volume of 88,866 shares trading hands.

Wall Street Analyst Weigh In

ULTP has been the topic of several research analyst reports. Shore Capital Group restated a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 75 price target on shares of Ultimate Products in a report on Tuesday. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 75.

Ultimate Products Trading Up 1.6%

The firm has a fifty day simple moving average of GBX 48.81 and a 200-day simple moving average of GBX 49.30. The stock has a market cap of £42.55 million, a price-to-earnings ratio of 11.33 and a beta of 0.60.

Ultimate Products (LON:ULTP) last announced its quarterly earnings data on Tuesday, October 27th. The company reported GBX 4.30 EPS for the quarter. The firm had revenue of £144.91 million for the quarter. Ultimate Products had a return on equity of 7.63% and a net margin of 2.50%. On average, equities analysts predict that Ultimate Products Plc will post 14.53 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Chris Dent sold 4,875 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total value of £2,632.50. 43.17% of the stock is owned by company insiders.

Ultimate Products Company Profile

Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.

The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.