Ultralife (NASDAQ:ULBI) Releases Earnings Results, Misses Estimates By $0.14 EPS

Ultralife (NASDAQ:ULBI) released its quarterly earnings data on Tuesday. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.14), RTT News reports. Ultralife had a return on equity of 7.92% and a net margin of 5.44%. During the same quarter last year, the business earned $0.18 EPS.

Ultralife Trading Down 1.5 %

ULBI stock opened at $5.38 on Tuesday. The company has a fifty day moving average price of $6.62 and a two-hundred day moving average price of $7.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.30 and a quick ratio of 1.62. The stock has a market cap of $89.45 million, a price-to-earnings ratio of 9.78 and a beta of 1.05. Ultralife has a one year low of $4.75 and a one year high of $13.39.

Analyst Ratings Changes

Separately, StockNews.com downgraded Ultralife from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ultralife stock. Bank of America Corp DE increased its position in shares of Ultralife Co. (NASDAQ:ULBI) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,067 shares of the technology company’s stock after purchasing an additional 2,836 shares during the period. Bank of America Corp DE owned approximately 0.07% of Ultralife worth $90,000 as of its most recent filing with the Securities and Exchange Commission. 30.68% of the stock is owned by institutional investors.

Ultralife Company Profile

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.