Ultralife (NASDAQ:ULBI) Director Purchases $53,653.90 in Stock

Ultralife Corporation (NASDAQ:ULBI) Director Bradford Whitmore bought 9,530 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was purchased at an average price of $5.63 per share, for a total transaction of $53,653.90. Following the purchase, the director owned 1,192,161 shares of the company’s stock, valued at approximately $6,711,866.43. This represents a 0.81% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ultralife Stock Up 0.7%

Shares of NASDAQ:ULBI traded up $0.04 during trading on Tuesday, reaching $5.79. 75,026 shares of the stock traded hands, compared to its average volume of 70,149. The stock has a market cap of $96.40 million, a P/E ratio of 57.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.42 and a current ratio of 2.99. The stock has a 50-day moving average of $6.19 and a two-hundred day moving average of $7.11. Ultralife Corporation has a 52-week low of $4.07 and a 52-week high of $9.52.

Ultralife (NASDAQ:ULBI) last released its quarterly earnings data on Monday, November 17th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.28). Ultralife had a net margin of 0.92% and a return on equity of 1.66%. The business had revenue of $43.37 million during the quarter, compared to the consensus estimate of $53.00 million.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen cut Ultralife from a “strong-buy” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Ultralife in a research note on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Ultralife

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its stake in shares of Ultralife by 30.7% in the 4th quarter. Bank of America Corp DE now owns 12,067 shares of the technology company’s stock worth $90,000 after purchasing an additional 2,836 shares during the period. Pitti Group Wealth Management LLC increased its holdings in Ultralife by 20.0% during the third quarter. Pitti Group Wealth Management LLC now owns 17,981 shares of the technology company’s stock valued at $123,000 after buying an additional 3,000 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Ultralife by 1.1% in the second quarter. Janney Montgomery Scott LLC now owns 446,250 shares of the technology company’s stock worth $4,007,000 after acquiring an additional 5,000 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Ultralife by 1,650.0% during the 2nd quarter. Lazard Asset Management LLC now owns 5,565 shares of the technology company’s stock worth $49,000 after acquiring an additional 5,247 shares during the last quarter. Finally, Prelude Capital Management LLC bought a new stake in shares of Ultralife during the 3rd quarter valued at $71,000. Hedge funds and other institutional investors own 30.68% of the company’s stock.

Ultralife Company Profile

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.