Ultra Electronics (LON:ULE) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Ultra Electronics Holdings plc (LON:ULE) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,500 ($45.56) and traded as high as GBX 3,500 ($45.56). Ultra Electronics shares last traded at GBX 3,500 ($45.56), with a volume of 1,110,150 shares traded.

Ultra Electronics Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.29 and a debt-to-equity ratio of 33.94. The stock has a 50 day simple moving average of GBX 3,500 and a 200 day simple moving average of GBX 3,500. The firm has a market capitalization of £2.51 billion and a PE ratio of 3,723.40.

About Ultra Electronics

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.