Ultimate Products (LON:ULTP) Trading Down 0.2% – Should You Sell?

Ultimate Products Plc (LON:ULTP)’s share price fell 0.2% during mid-day trading on Wednesday . The stock traded as low as GBX 77.20 ($1.00) and last traded at GBX 77.25 ($1.00). 81,122 shares were traded during mid-day trading, a decline of 53% from the average session volume of 171,998 shares. The stock had previously closed at GBX 77.40 ($1.01).

Ultimate Products Stock Performance

The company’s fifty day moving average price is GBX 91.03 and its 200-day moving average price is GBX 116.22. The stock has a market cap of £65.55 million, a P/E ratio of 6.34 and a beta of 1.39.

Ultimate Products Increases Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were issued a GBX 4.93 ($0.06) dividend. This represents a dividend yield of 3.47%. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Ultimate Products’s previous dividend of $2.45. Ultimate Products’s dividend payout ratio (DPR) is 57.44%.

Ultimate Products Company Profile

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.