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

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

Ultralife Stock Up 1.0 %

Ultralife stock traded up $0.11 during midday trading on Friday, hitting $11.02. 88,430 shares of the stock were exchanged, compared to its average volume of 145,220. The firm has a market cap of $183.15 million, a P/E ratio of 17.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.03 and a quick ratio of 2.16. Ultralife has a 1 year low of $6.31 and a 1 year high of $13.39. The company has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $9.73.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ULBI shares. Benchmark lifted their price target on shares of Ultralife from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. StockNews.com raised shares of Ultralife from a “buy” rating to a “strong-buy” rating in a research note on Friday.

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.