Ultimate Products (LON:ULTP) Hits New 52-Week Low – What’s Next?

Ultimate Products Plc (LON:ULTP) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 115 ($1.48) and last traded at GBX 119.50 ($1.54), with a volume of 206724 shares changing hands. The stock had previously closed at GBX 125 ($1.61).

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ULTP shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 182 ($2.34) price objective on shares of Ultimate Products in a research report on Tuesday, September 3rd. Shore Capital reissued a “house stock” rating on shares of Ultimate Products in a research report on Tuesday, September 3rd.

Ultimate Products Stock Up 2.5 %

The stock has a 50 day moving average of GBX 138.67 and a 200 day moving average of GBX 143.75. The firm has a market cap of £106.95 million, a price-to-earnings ratio of 857.14 and a beta of 1.39.

Ultimate Products Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a dividend of GBX 4.93 ($0.06) per share. This represents a dividend yield of 3.47%. The ex-dividend date is Thursday, January 2nd. This is an increase from Ultimate Products’s previous dividend of $2.45. Ultimate Products’s dividend payout ratio is 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.