Ultralife (NASDAQ:ULBI) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Ultralife (NASDAQ:ULBI) issued its earnings results on Thursday. The technology company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08, Zacks reports. The firm had revenue of $42.98 million for the quarter. Ultralife had a net margin of 5.96% and a return on equity of 9.47%.

Ultralife Stock Up 1.0 %

Ultralife stock traded up $0.11 during mid-day trading on Friday, hitting $11.02. The company had a trading volume of 88,430 shares, compared to its average volume of 145,220. The stock has a market cap of $183.15 million, a price-to-earnings ratio of 17.22 and a beta of 0.99. Ultralife has a 1 year low of $6.31 and a 1 year high of $13.39. The company has a quick ratio of 2.16, a current ratio of 4.03 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $10.89 and a 200 day moving average of $9.73.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ULBI shares. Benchmark raised their target price on shares of Ultralife from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th. StockNews.com upgraded shares of Ultralife from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Ultralife Company Profile

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.