Ultra Electronics (LON:ULE) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Ultra Electronics Holdings plc (LON:ULE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,500 ($45.39) and traded as high as GBX 3,500 ($45.39). Ultra Electronics shares last traded at GBX 3,500 ($45.39), with a volume of 1,110,150 shares changing hands.

Ultra Electronics Price Performance

The company has a debt-to-equity ratio of 33.94, a current ratio of 1.76 and a quick ratio of 1.29. The firm has a market cap of £2.51 billion and a price-to-earnings ratio of 3,723.40. The stock’s fifty day moving average price is GBX 3,500 and its 200-day moving average price is GBX 3,500.

Ultra Electronics Company Profile

Ultra Electronics Holdings plc provides application-engineered bespoke solutions in the defense, security, critical detection, and control markets. The company operates through three segments: Maritime, Intelligence & Communications, and Critical Detection & Control. It offers sonobuoys and anti-submarine warfare systems; integrated hull and variable depth sonar systems for manned and unmanned platforms; torpedo defense systems; deployable underwater sensors; electronic warfare systems; and naval systems and sensors, such as acoustic and sonar systems, torpedo defense, and radar sensor solutions, as well as degaussing systems and power conversion solutions for naval applications.