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.
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.
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