Ultimate Products (LON:ULTP) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Ultimate Products Plc (LON:ULTP)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 49.31 and traded as high as GBX 49.90. Ultimate Products shares last traded at GBX 49.90, with a volume of 88,866 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 75 price objective on shares of Ultimate Products in a research report on Tuesday. Shore Capital Group reiterated a “house stock” rating on shares of Ultimate Products in a research note on Wednesday, August 19th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Ultimate Products presently has a consensus rating of “Buy” and a consensus target price of GBX 75.

Ultimate Products Trading Down 0.6%

The firm has a market cap of £41.63 million, a price-to-earnings ratio of 11.09 and a beta of 0.60. The company has a 50 day moving average of GBX 48.85 and a 200 day moving average of GBX 49.31.

Ultimate Products (LON:ULTP) last released its quarterly earnings data on Tuesday, October 27th. The company reported GBX 4.30 earnings per share for the quarter. Ultimate Products had a return on equity of 7.63% and a net margin of 2.50%. The business had revenue of £144.91 million for the quarter. Equities analysts forecast that Ultimate Products Plc will post 14.53 EPS for the current fiscal year.

Insider Transactions at Ultimate Products

In other Ultimate Products news, insider Chris Dent sold 4,875 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of GBX 54, for a total value of £2,632.50. Corporate insiders own 43.17% of the company’s stock.

About Ultimate Products

Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.

The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.