Ultimate Products (LON:ULTP) Sets New 1-Year Low – Here’s Why

Ultimate Products Plc (LON:ULTP)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 71 ($0.92) and last traded at GBX 71.40 ($0.92), with a volume of 180110 shares traded. The stock had previously closed at GBX 74 ($0.96).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a research report on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 130 ($1.68) price objective on shares of Ultimate Products in a report on Tuesday.

Ultimate Products Trading Up 0.3 %

The stock has a market cap of £61.10 million, a price-to-earnings ratio of 5.91 and a beta of 1.39. The company’s fifty day moving average is GBX 88.38 and its two-hundred day moving average is GBX 114.02.

Ultimate Products (LON:ULTP) last announced its quarterly earnings data on Tuesday, March 25th. The company reported GBX 4.30 ($0.06) earnings per share (EPS) for the quarter. Ultimate Products had a return on equity of 21.95% and a net margin of 6.77%. Analysts predict that Ultimate Products Plc will post 14.53125 EPS for the current year.

Ultimate Products Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be issued a dividend of GBX 1.55 ($0.02) per share. This represents a yield of 2.16%. The ex-dividend date is Thursday, May 29th. Ultimate Products’s dividend payout ratio (DPR) is presently 57.44%.

About Ultimate Products

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.