Ultralife (ULBI) Projected to Post Quarterly Earnings on Tuesday

Ultralife (NASDAQ:ULBI) will likely be issuing its quarterly earnings data before the market opens on Tuesday, April 1st. Analysts expect the company to announce earnings of $0.15 per share and revenue of $40.00 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Ultralife Trading Down 0.2 %

Shares of ULBI stock opened at $5.46 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.30 and a quick ratio of 1.62. The company has a market cap of $90.78 million, a price-to-earnings ratio of 9.93 and a beta of 1.05. Ultralife has a 1 year low of $5.28 and a 1 year high of $13.39. The firm has a fifty day moving average price of $6.67 and a 200-day moving average price of $7.72.

Institutional Investors Weigh In On Ultralife

A hedge fund recently raised its stake in Ultralife stock. Bank of America Corp DE lifted its holdings in Ultralife Co. (NASDAQ:ULBI) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,067 shares of the technology company’s stock after acquiring an additional 2,836 shares during the period. Bank of America Corp DE owned 0.07% of Ultralife worth $90,000 at the end of the most recent reporting period. 30.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.