Ultra Electronics (LON:ULE) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Ultra Electronics Holdings plc (LON:ULE) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,500 ($43.99) and traded as low as GBX 3,493.05 ($43.90). Ultra Electronics shares last traded at GBX 3,500 ($43.99), with a volume of 1,110,150 shares trading hands.

Ultra Electronics Price Performance

The company has a market capitalization of £2.51 billion and a P/E ratio of 3,723.40. The company has a debt-to-equity ratio of 33.94, a current ratio of 1.76 and a quick ratio of 1.29. The company’s 50-day moving average price is GBX 3,500 and its two-hundred day moving average price is GBX 3,500.

Ultra Electronics Company Profile

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.