Ultra Electronics (LON:ULE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Ultra Electronics Holdings plc (LON:ULE – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,500 ($45.44) and traded as high as GBX 3,500 ($45.44). Ultra Electronics shares last traded at GBX 3,500 ($45.44), with a volume of 1,110,150 shares traded.

Ultra Electronics Price Performance

The company has a debt-to-equity ratio of 33.94, a current ratio of 1.76 and a quick ratio of 1.29. The firm has a market capitalization of £2.51 billion and a P/E ratio of 3,723.40. The firm’s 50 day simple moving average is GBX 3,500 and its two-hundred day simple moving average is GBX 3,500.

About Ultra Electronics

(Get Free Report)

Ultra Electronics Holdings plc provides application-engineered bespoke solutions in the defense, security, critical detection, and control markets. The company operates through three segments: Maritime, Intelligence & Communications, and Critical Detection & Control. It offers sonobuoys and anti-submarine warfare systems; integrated hull and variable depth sonar systems for manned and unmanned platforms; torpedo defense systems; deployable underwater sensors; electronic warfare systems; and naval systems and sensors, such as acoustic and sonar systems, torpedo defense, and radar sensor solutions, as well as degaussing systems and power conversion solutions for naval applications.

Further Reading

• Five stocks we like better than Ultra Electronics
• Basic Materials Stocks Investing
• Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
• The Risks of Owning Bonds
• Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
• Where Do I Find 52-Week Highs and Lows?
• Tesla Stock: Buy the Dips, Sell the Rips