Ultralife (ULBI) Expected to Announce Quarterly Earnings on Thursday

Ultralife (NASDAQ:ULBI) is projected to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $40.00 million for the quarter.

Ultralife Stock Up 0.8 %

Shares of NASDAQ:ULBI opened at $7.22 on Wednesday. Ultralife has a 1 year low of $7.02 and a 1 year high of $13.39. The company has a market cap of $120.05 million, a PE ratio of 13.13 and a beta of 0.96. 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 stock’s 50-day moving average is $7.58 and its 200 day moving average is $8.57.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ultralife stock. Bank of America Corp DE grew its position in shares of Ultralife Co. (NASDAQ:ULBI) by 30.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,067 shares of the technology company’s stock after acquiring an additional 2,836 shares during the period. Bank of America Corp DE owned about 0.07% of Ultralife worth $90,000 at the end of the most recent quarter. 30.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.