Ultimate Products (LON:ULTP) Stock Price Up 0.7% – Here’s What Happened

Ultimate Products Plc (LON:ULTP) shares rose 0.7% on Wednesday . The company traded as high as GBX 143.50 ($1.87) and last traded at GBX 140 ($1.83). Approximately 38,081 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 103,057 shares. The stock had previously closed at GBX 139 ($1.82).

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 182 ($2.38) target price on shares of Ultimate Products in a research report on Tuesday, September 3rd. Shore Capital restated a “house stock” rating on shares of Ultimate Products in a report on Tuesday, September 3rd.

Ultimate Products Trading Down 0.4 %

The stock has a market capitalization of £120.64 million, a PE ratio of 1,007.14 and a beta of 1.39. The stock’s fifty day simple moving average is GBX 141.85 and its 200-day simple moving average is GBX 146.02.

Insider Buying and Selling

In related news, insider Simon Showman sold 45,720 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.79), for a total value of £62,636.40 ($81,792.11). In other news, insider Simon Showman sold 45,720 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of GBX 137 ($1.79), for a total transaction of £62,636.40 ($81,792.11). Also, insider Chris Dent purchased 1,780 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of GBX 140 ($1.83) per share, for a total transaction of £2,492 ($3,254.11). 56.58% of the stock is owned by insiders.

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.