Ultralife (ULBI) Releases Earnings Results

Ultralife (NASDAQ:ULBI) posted its quarterly earnings results on Thursday. The technology company reported $0.13 earnings per share for the quarter, Bloomberg Earnings reports. Ultralife had a return on equity of 8.28% and a net margin of 9.41%. The firm had revenue of $23.07 million for the quarter.

Ultralife stock opened at $9.40 on Friday. Ultralife has a 1-year low of $5.73 and a 1-year high of $10.95. The company has a market capitalization of $147.20, a P/E ratio of 23.72 and a beta of -0.52.

Separately, ValuEngine upgraded Ultralife from a “hold” rating to a “buy” rating in a research note on Wednesday.

Several institutional investors have recently bought and sold shares of ULBI. Dimensional Fund Advisors LP boosted its stake in shares of Ultralife by 7.4% in the third quarter. Dimensional Fund Advisors LP now owns 925,975 shares of the technology company’s stock valued at $6,250,000 after buying an additional 64,075 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Ultralife by 16.1% in the fourth quarter. Franklin Resources Inc. now owns 426,600 shares of the technology company’s stock valued at $2,794,000 after buying an additional 59,279 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Ultralife by 18.8% in the fourth quarter. Global X Management Co. LLC now owns 339,863 shares of the technology company’s stock valued at $2,226,000 after buying an additional 53,677 shares in the last quarter. Algert Global LLC boosted its stake in shares of Ultralife by 37.7% in the fourth quarter. Algert Global LLC now owns 134,095 shares of the technology company’s stock valued at $878,000 after buying an additional 36,709 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Ultralife in the fourth quarter valued at approximately $203,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

About Ultralife

Ultralife Corporation designs, manufactures, installs, and maintains power, and communication and electronic systems for government, defense, and commercial sectors 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.

Earnings History for Ultralife (NASDAQ:ULBI)

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