Ultralife (ULBI) Expected to Announce Quarterly Earnings on Tuesday

Ultralife (NASDAQ:ULBI) will likely be issuing its quarterly earnings data before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $40.00 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ultralife Trading Up 0.8 %

ULBI opened at $6.06 on Friday. Ultralife has a one year low of $5.79 and a one year high of $13.39. The business has a 50 day simple moving average of $7.27 and a two-hundred day simple moving average of $8.20. 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 firm has a market capitalization of $100.76 million, a price-to-earnings ratio of 11.02 and a beta of 1.05.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a “buy” rating and set a $14.00 target price on shares of Ultralife in a report on Friday, November 15th.

Institutional Trading of Ultralife

A hedge fund recently raised its stake in Ultralife stock. Bank of America Corp DE increased its stake in Ultralife Co. (NASDAQ:ULBI) by 30.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,067 shares of the technology company’s stock after buying an additional 2,836 shares during the period. Bank of America Corp DE owned 0.07% of Ultralife worth $90,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 30.68% of the company’s stock.

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.