Ultralife (NASDAQ:ULBI) Now Covered by StockNews.com

StockNews.com began coverage on shares of Ultralife (NASDAQ:ULBIGet Rating) in a research report sent to investors on Monday morning. The firm issued a strong-buy rating on the technology company’s stock.

Ultralife Trading Down 5.8 %

Shares of NASDAQ:ULBI opened at $4.51 on Monday. Ultralife has a 1 year low of $4.16 and a 1 year high of $6.38. The firm has a market capitalization of $72.75 million, a price-to-earnings ratio of -75.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.81 and a quick ratio of 1.36. The business’s 50 day moving average price is $4.94 and its 200-day moving average price is $4.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LSV Asset Management purchased a new position in Ultralife in the 3rd quarter valued at $62,000. Shikiar Asset Management Inc. lifted its holdings in Ultralife by 75.0% in the 3rd quarter. Shikiar Asset Management Inc. now owns 17,500 shares of the technology company’s stock valued at $84,000 after purchasing an additional 7,500 shares in the last quarter. State Street Corp lifted its holdings in Ultralife by 6.9% in the 1st quarter. State Street Corp now owns 40,120 shares of the technology company’s stock valued at $215,000 after purchasing an additional 2,596 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Ultralife by 5.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 481,974 shares of the technology company’s stock valued at $2,328,000 after purchasing an additional 25,877 shares in the last quarter. Finally, Visionary Wealth Advisors lifted its holdings in Ultralife by 6.3% in the 1st quarter. Visionary Wealth Advisors now owns 958,518 shares of the technology company’s stock valued at $5,147,000 after purchasing an additional 56,983 shares in the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.

About Ultralife

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Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.

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