Ultimate Products (LON:ULTP) Stock Price Down 3.1% – Here’s What Happened

Ultimate Products Plc (LON:ULTP) shares fell 3.1% on Thursday . The company traded as low as GBX 47 and last traded at GBX 47.50. 176,119 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 155,827 shares. The stock had previously closed at GBX 49.

Analyst Upgrades and Downgrades

ULTP has been the subject of several research analyst reports. Shore Capital Group reiterated a “house stock” rating on shares of Ultimate Products in a report on Wednesday, August 19th. Canaccord Genuity Group dropped their price objective on shares of Ultimate Products from GBX 80 to GBX 75 and set a “buy” rating on the stock in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Ultimate Products presently has an average rating of “Buy” and a consensus price target of GBX 75.

Ultimate Products Stock Performance

The stock has a 50-day moving average of GBX 52.85 and a 200-day moving average of GBX 48.45. The firm has a market cap of £39.80 million, a price-to-earnings ratio of 10.60 and a beta of 0.60.

Insider Buying and Selling

In other Ultimate Products news, insider Chris Dent sold 4,875 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of GBX 54, for a total transaction of £2,632.50. Also, insider Simon Showman sold 165,681 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of GBX 46, for a total transaction of £76,213.26. 43.17% of the stock is owned by company insiders.

About Ultimate Products

Ultimate Products is the owner of leading homeware brands including Salter and Beldray. According to its market research, nearly 80% of UK households own at least one of the Group’s products.

The Group sells to over 300 retailers in over 30 countries – spanning discounters, supermarkets and general retailers, and ranging from large national and international multi-channel retailers to smaller retail chains. Its products are also available on salter.com and beldray.com, as well as major third-party online marketplaces.