Ultra Electronics (LON:ULE) Trading 0.2% Higher – Should You Buy?

Shares of Ultra Electronics Holdings plc (LON:ULE) shot up 0.2% on Thursday . The stock traded as high as GBX 3,500 ($44.37) and last traded at GBX 3,500 ($44.37). 1,110,150 shares were traded during trading, an increase of 212% from the average session volume of 355,954 shares. The stock had previously closed at GBX 3,494 ($44.29).

Ultra Electronics Stock Up 0.2 %

The company has a quick ratio of 1.29, a current ratio of 1.76 and a debt-to-equity ratio of 33.94. The stock has a fifty day moving average price of GBX 3,500 and a two-hundred day moving average price of GBX 3,500. The company has a market cap of £2.51 billion and a price-to-earnings ratio of 3,723.40.

About Ultra Electronics

Ultra Electronics Holdings plc provides application-engineered bespoke solutions in the defense, security, critical detection, and control markets. The company operates through three segments: Maritime, Intelligence & Communications, and Critical Detection & Control. It offers sonobuoys and anti-submarine warfare systems; integrated hull and variable depth sonar systems for manned and unmanned platforms; torpedo defense systems; deployable underwater sensors; electronic warfare systems; and naval systems and sensors, such as acoustic and sonar systems, torpedo defense, and radar sensor solutions, as well as degaussing systems and power conversion solutions for naval applications.