Ultimate Products (LON:ULTP) Stock Price Down 18.6% – What’s Next?

Ultimate Products Plc (LON:ULTP) shares dropped 18.6% during trading on Monday . The stock traded as low as GBX 72.12 ($0.89) and last traded at GBX 82.20 ($1.01). Approximately 783,401 shares traded hands during mid-day trading, an increase of 362% from the average daily volume of 169,440 shares. The stock had previously closed at GBX 101 ($1.24).

Ultimate Products Trading Down 18.6 %

The company has a 50-day moving average price of GBX 112.67 and a 200 day moving average price of GBX 129.47. The stock has a market capitalization of £70.33 million, a P/E ratio of 587.14 and a beta of 1.39.

Ultimate Products Increases Dividend

The firm also recently announced 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 represents a yield of 3.47%. This is an increase from Ultimate Products’s previous dividend of $2.45. The ex-dividend date was Thursday, January 2nd. Ultimate Products’s payout ratio is 5,000.00%.

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.