Ultimate Products (LON:ULTP) Shares Down 0.4% – Here’s Why

Ultimate Products Plc (LON:ULTP) dropped 0.4% during mid-day trading on Friday . The stock traded as low as GBX 115 ($1.45) and last traded at GBX 115.50 ($1.45). Approximately 302,443 shares changed hands during mid-day trading, an increase of 195% from the average daily volume of 102,629 shares. The stock had previously closed at GBX 116 ($1.46).

Wall Street Analyst Weigh In

ULTP has been the subject of a number of research reports. Shore Capital reaffirmed a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 182 ($2.29) price objective on shares of Ultimate Products in a research note on Tuesday, September 3rd.

Ultimate Products Trading Down 0.4 %

The firm has a market cap of £98.82 million, a price-to-earnings ratio of 825.00 and a beta of 1.39. The company has a fifty day moving average price of GBX 124.33 and a 200-day moving average price of GBX 135.02.

Ultimate Products Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be given a GBX 4.93 ($0.06) dividend. This represents a yield of 3.47%. The ex-dividend date is Thursday, January 2nd. This is a positive change from Ultimate Products’s previous dividend of $2.45. Ultimate Products’s dividend payout ratio is currently 5,000.00%.

About Ultimate Products

Ultimate Products Plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom, Germany, Rest of Europe, and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; cookware, kitchen electrical, and scale products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brands.