Ultralife (NASDAQ:ULBI) Releases Earnings Results, Beats Estimates By $0.08 EPS

Ultralife (NASDAQ:ULBI) released its quarterly earnings data on Thursday. The technology company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08, Zacks reports. The company had revenue of $42.98 million for the quarter. Ultralife had a return on equity of 9.47% and a net margin of 5.96%.

Ultralife Stock Performance

Shares of ULBI traded up $0.11 during mid-day trading on Friday, hitting $11.02. The stock had a trading volume of 88,430 shares, compared to its average volume of 145,220. The company has a market cap of $183.17 million, a PE ratio of 17.22 and a beta of 0.99. The company’s fifty day simple moving average is $10.89 and its two-hundred day simple moving average is $9.73. The company has a quick ratio of 2.16, a current ratio of 4.03 and a debt-to-equity ratio of 0.18. Ultralife has a fifty-two week low of $6.31 and a fifty-two week high of $13.39.

Wall Street Analysts Forecast Growth

ULBI has been the subject of a number of recent research reports. StockNews.com upgraded Ultralife from a “buy” rating to a “strong-buy” rating in a research note on Friday. Benchmark raised their price objective on Ultralife from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 27th.

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.