Ultimate Products (LON:ULTP) Stock Price Down 1.5% – Should You Sell?

Ultimate Products Plc (LON:ULTP) shares fell 1.5% during mid-day trading on Tuesday . The company traded as low as GBX 61.40 and last traded at GBX 64. 517,130 shares changed hands during mid-day trading, an increase of 102% from the average session volume of 255,904 shares. The stock had previously closed at GBX 65.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ULTP. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 80 price objective on shares of Ultimate Products in a report on Tuesday, October 28th. Shore Capital reiterated a “house stock” rating on shares of Ultimate Products in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Ultimate Products presently has an average rating of “Buy” and an average price target of GBX 80.

Ultimate Products Stock Performance

The stock has a 50-day moving average of GBX 62.27 and a two-hundred day moving average of GBX 64.04. The company has a market cap of £52.80 million, a P/E ratio of 9.42 and a beta of 1.39.

Ultimate Products (LON:ULTP) last issued its quarterly earnings results on Tuesday, October 28th. The company reported GBX 6.80 earnings per share for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. Research analysts predict that Ultimate Products Plc will post 14.53125 EPS for the current year.

About Ultimate Products

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.