Ultra Electronics (LON:ULE) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Ultra Electronics Holdings plc (LON:ULE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,500 ($44.42) and traded as high as GBX 3,500 ($44.42). Ultra Electronics shares last traded at GBX 3,500 ($44.42), with a volume of 1,110,150 shares.

Ultra Electronics Stock Up 0.2 %

The company has a debt-to-equity ratio of 33.94, a quick ratio of 1.29 and a current ratio of 1.76. The firm has a market capitalization of £2.51 billion and a PE ratio of 3,723.40. The company’s 50 day simple moving average is GBX 3,500 and its 200-day simple moving average is GBX 3,500.

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.