Ultimate Products (LON:ULTP) Sets New 12-Month Low – Here’s What Happened

by · The Markets Daily

Shares of Ultimate Products Plc (LON:ULTP – Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 115 ($1.48) and last traded at GBX 119.50 ($1.54), with a volume of 206724 shares. The stock had previously closed at GBX 125 ($1.61).

Wall Street Analyst Weigh In

ULTP has been the subject of several analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 182 ($2.34) price objective on shares of Ultimate Products in a research note on Tuesday, September 3rd. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd.

View Our Latest Analysis on ULTP

Ultimate Products Stock Performance

The company has a market capitalization of £106.95 million, a P/E ratio of 857.14 and a beta of 1.39. The firm has a 50 day moving average price of GBX 138.67 and a two-hundred day moving average price of GBX 143.75.

Ultimate Products Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a GBX 4.93 ($0.06) dividend. This is an increase from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, January 2nd. Ultimate Products’s payout ratio is presently 5,000.00%.

Ultimate Products Company Profile

(Get Free Report)

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.

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