Ultimate Products (LON:ULTP) Stock Price Down 0.4% – Time to Sell?

Shares of Ultimate Products Plc (LON:ULTP) fell 0.4% on Friday . The company traded as low as GBX 115 ($1.45) and last traded at GBX 115.50 ($1.45). 302,443 shares changed hands during mid-day trading, an increase of 195% from the average session volume of 102,629 shares. The stock had previously closed at GBX 116 ($1.46).

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ULTP shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 182 ($2.29) price objective on shares of Ultimate Products in a research note on Tuesday, September 3rd. Shore Capital reissued a “house stock” rating on shares of Ultimate Products in a research note on Tuesday, September 3rd.

Ultimate Products Price Performance

The company has a fifty day simple moving average of GBX 124.33 and a two-hundred day simple moving average of GBX 135.13. The company has a market capitalization of £98.82 million, a P/E ratio of 825.00 and a beta of 1.39.

Ultimate Products Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be paid a GBX 4.93 ($0.06) dividend. This represents a dividend yield of 3.47%. This is a boost from Ultimate Products’s previous dividend of $2.45. The ex-dividend date is Thursday, January 2nd. Ultimate Products’s payout ratio is presently 5,000.00%.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.