Ultimate Products (LON:ULTP) Trading Up 1% – Should You Buy?

Shares of Ultimate Products Plc (LON:ULTP) traded up 1% during mid-day trading on Tuesday . The stock traded as high as GBX 87.80 ($1.11) and last traded at GBX 85 ($1.08). 63,219 shares changed hands during trading, a decline of 66% from the average session volume of 188,192 shares. The stock had previously closed at GBX 84.20 ($1.07).

Ultimate Products Stock Up 1.0 %

The business’s 50 day moving average is GBX 102.20 and its 200 day moving average is GBX 123.18. The company has a market cap of £72.13 million, a P/E ratio of 6.98 and a beta of 1.39.

Ultimate Products Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were paid a dividend of GBX 4.93 ($0.06) per share. This is a boost from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. The ex-dividend date was Thursday, January 2nd. Ultimate Products’s dividend payout ratio 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.