Ultra Electronics (LON:ULE) Shares Up 0.2% – Time to Buy?

Ultra Electronics Holdings plc (LON:ULE) was up 0.2% during trading on Thursday . The stock traded as high as GBX 3,500 ($44.18) and last traded at GBX 3,500 ($44.18). Approximately 1,110,150 shares changed hands during mid-day trading, an increase of 212% from the average daily volume of 355,954 shares. The stock had previously closed at GBX 3,494 ($44.10).

Ultra Electronics Price Performance

The stock has a market cap of £2.51 billion and a price-to-earnings ratio of 3,723.40. The company has a quick ratio of 1.29, a current ratio of 1.76 and a debt-to-equity ratio of 33.94. The business’s fifty day moving average is GBX 3,500 and its two-hundred day moving average is GBX 3,500.

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.