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

Ultimate Products Plc (LON:ULTP) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 43 and last traded at GBX 43.78, with a volume of 220675 shares traded. The stock had previously closed at GBX 45.60.

Ultimate Products Stock Performance

The stock has a market cap of £36.53 million, a P/E ratio of 6.53 and a beta of 0.56. The company has a 50-day simple moving average of GBX 53.14 and a 200-day simple moving average of GBX 58.16.

Insider Activity

In related news, insider Chris Dent purchased 16,677 shares of Ultimate Products stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of GBX 53 per share, for a total transaction of £8,838.81. 43.27% of the stock is owned by corporate insiders.

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.