Ultralife Corporation (ULBI) Releases Quarterly Earnings Results

Ultralife Corporation (NASDAQ:ULBI) announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.07 earnings per share for the quarter, Bloomberg Earnings reports. Ultralife Corporation had a return on equity of 7.94% and a net margin of 6.62%. The firm had revenue of $19.94 million during the quarter.

Shares of Ultralife Corporation (NASDAQ:ULBI) traded down 0.76% during trading on Friday, reaching $6.55. The company’s stock had a trading volume of 52,986 shares. The company’s 50-day moving average price is $6.97 and its 200 day moving average price is $6.09. Ultralife Corporation has a 1-year low of $3.76 and a 1-year high of $7.65. The stock has a market capitalization of $101.87 million, a price-to-earnings ratio of 18.66 and a beta of -0.16.

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Hedge funds have recently bought and sold shares of the company. Northern Trust Corp raised its stake in Ultralife Corporation by 3.9% in the second quarter. Northern Trust Corp now owns 27,473 shares of the technology company’s stock valued at $197,000 after buying an additional 1,030 shares during the last quarter. Renaissance Technologies LLC raised its stake in Ultralife Corporation by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 125,400 shares of the technology company’s stock valued at $621,000 after buying an additional 1,556 shares during the last quarter. LSV Asset Management raised its stake in Ultralife Corporation by 16.3% in the first quarter. LSV Asset Management now owns 45,824 shares of the technology company’s stock valued at $247,000 after buying an additional 6,421 shares during the last quarter. Algert Global LLC raised its stake in Ultralife Corporation by 25.3% in the first quarter. Algert Global LLC now owns 34,059 shares of the technology company’s stock valued at $186,000 after buying an additional 6,885 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Ultralife Corporation by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 793,350 shares of the technology company’s stock valued at $4,284,000 after buying an additional 14,804 shares during the last quarter. 22.40% of the stock is owned by institutional investors.

Ultralife Corporation Company Profile

Ultralife Corporation offers products and services ranging from power solutions to communications and electronics systems. The Company designs and manufactures power and communications systems, including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom engineered systems.

Earnings History for Ultralife Corporation (NASDAQ:ULBI)

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