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

Ultimate Products Plc (LON:ULTPGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 115 ($1.48) and last traded at GBX 119.50 ($1.54), with a volume of 206724 shares changing hands. The stock had previously closed at GBX 125 ($1.61).

Wall Street Analysts Forecast Growth

Several brokerages have commented on ULTP. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.34) price objective on shares of Ultimate Products in a report on Tuesday, September 3rd.

Get Our Latest Report on Ultimate Products

Ultimate Products Stock Down 4.4 %

The stock has a market cap of £102.24 million, a price-to-earnings ratio of 853.21 and a beta of 1.39. The stock has a fifty day moving average of GBX 139.63 and a two-hundred day moving average of GBX 144.34.

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 given a dividend of GBX 4.93 ($0.06) per share. This is a positive change from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. The ex-dividend date is Thursday, January 2nd. Ultimate Products’s payout ratio is 5,000.00%.

Insider Transactions at Ultimate Products

In related news, insider Chris Dent purchased 1,780 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of GBX 140 ($1.80) per share, with a total value of £2,492 ($3,206.79). Company insiders own 56.58% of the company’s stock.

About Ultimate Products

(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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