Ultimate Products (LON:ULTP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Ultimate Products Plc (LON:ULTP)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 49.18 and traded as low as GBX 48.60. Ultimate Products shares last traded at GBX 49, with a volume of 90,372 shares changing hands.

Analyst Upgrades and Downgrades

ULTP has been the subject of a number of research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 75 price objective on shares of Ultimate Products in a research note on Tuesday, October 27th. Shore Capital Group reissued a “house stock” rating on shares of Ultimate Products in a research report on Wednesday, August 19th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 75.

Ultimate Products Stock Performance

The firm has a market capitalization of £40.88 million, a P/E ratio of 11.40 and a beta of 0.60. The stock has a 50-day moving average of GBX 48.44 and a 200 day moving average of GBX 49.18.

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

Insider Activity

In related news, insider Chris Dent sold 4,875 shares of the business’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 corporate insiders.

About Ultimate Products

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.