Ultralife Co. (NASDAQ:ULBI) Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Ultralife Co. (NASDAQ:ULBI) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 43,541 shares of the technology company’s stock after purchasing an additional 11,448 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ultralife were worth $324,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Barclays PLC boosted its stake in Ultralife by 21.3% during the 3rd quarter. Barclays PLC now owns 13,395 shares of the technology company’s stock valued at $121,000 after purchasing an additional 2,355 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ultralife by 1.2% during the third quarter. Geode Capital Management LLC now owns 232,681 shares of the technology company’s stock valued at $2,104,000 after buying an additional 2,835 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Ultralife by 0.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 447,000 shares of the technology company’s stock worth $3,330,000 after buying an additional 3,850 shares during the period. IFP Advisors Inc bought a new position in Ultralife in the 4th quarter worth approximately $85,000. Finally, Jane Street Group LLC bought a new stake in Ultralife during the 3rd quarter valued at $166,000. Institutional investors and hedge funds own 30.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ultralife from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

Ultralife Stock Down 0.2 %

ULBI stock opened at $5.46 on Friday. The firm’s 50-day moving average is $6.67 and its two-hundred day moving average is $7.73. The company has a market capitalization of $90.78 million, a price-to-earnings ratio of 9.93 and a beta of 1.05. Ultralife Co. has a 52 week low of $5.28 and a 52 week high of $13.39. The company has a current ratio of 3.30, a quick ratio of 1.62 and a debt-to-equity ratio of 0.04.

About Ultralife

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.