Ultimate Products (LON:ULTP) Shares Down 0.4% – Time to Sell?

Posted by Micah Haroldson on Dec 29th, 2024

Shares of Ultimate Products Plc (LON:ULTP – Get Free Report) fell 0.4% on Friday . The stock traded as low as GBX 115 ($1.45) and last traded at GBX 115.50 ($1.45). 302,443 shares changed hands during mid-day trading, an increase of 195% from the average session volume of 102,629 shares. The stock had previously closed at GBX 116 ($1.46).

Analyst Upgrades and Downgrades

Several research firms recently commented on ULTP. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd. Canaccord Genuity Group restated a “buy” rating and set a GBX 182 ($2.29) target price on shares of Ultimate Products in a research report on Tuesday, September 3rd.

Check Out Our Latest Stock Analysis on ULTP

Ultimate Products Stock Down 0.4 %

The stock has a market cap of £98.82 million, a PE ratio of 825.00 and a beta of 1.39. The firm’s fifty day moving average price is GBX 124.33 and its 200 day moving average price is GBX 135.02.

Ultimate Products Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be issued a GBX 4.93 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. Ultimate Products’s dividend payout ratio (DPR) is 5,000.00%.

About Ultimate Products

(Get Free Report)

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.