Notable News Spotlight: Ultralife Corporation (NASDAQ:ULBI)

Ultralife Corporation (NASDAQ:ULBI) changed 2.17% to recent value of $8.01. The stock transacted 57392 shares during most recent day however it has an average volume of 47.21K shares. It spotted trading -33.08% off 52-week high price. On the other end, the stock has been noted 27.14% away from the low price over the last 52-weeks.

On June 20, 2019, Ultralife Corporation (NASDAQ:ULBI) has received a fixed price, indefinite-delivery/indefinite-quantity contract for purchases not to exceed $9.986 million from the Naval Air Warfare Center Aircraft Division for our Universal Vehicle Adaptors (UVA’s) in support of the Family of Special Operations Vehicles Ground Mobility Vehicle and Mine Resistant Ambush Protected platforms.  The award is for five years with the amounts and timing of deliveries based on program requirements.  Also, an initial delivery order has been received for approximately $1.4 million and shipments in 2019.

Ultralife is a proven supplier of Universal Vehicle Adaptors for handheld radios used by the U.S. Department of Defense.  This most recent update of our UVA is designed to support both legacy and the latest two-channel handheld radios, providing flexibility of installation into multiple vehicle configurations while delivering high performance and reliability under the toughest of conditions, said Michael D. Popielec, President and Chief Executive Officer.  We look forward to participating in this multi-year program and continuing to offer technically advanced solutions to our government/defense customers while adding new products to our proven platforms for communications modernization.

About Ultralife Corporation

Ultralife Corporation serves its markets with products and services ranging from power solutions to communications and electronics systems. Through its engineering and collaborative approach to problem solving, Ultralife serves government, defense and commercial customers across the globe.

Headquartered in Newark, New York, the Company’s business segments include: Battery & Energy Products and Communications Systems. Ultralife has operations in North America, Europe and Asia. ULBI has a gross margin of 28.20% and an operating margin of 5.70% while its profit margin remained 28.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 323.60% for this year

The company has 16.03M of outstanding shares and 15.14M shares were floated in the market. According to the most recent quarter its current ratio was 4.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.92% from the mean of 20 days, -11.29% from mean of 50 days SMA and performed -5.34% from mean of 200 days price. Company’s performance for the week was 2.43%, 1.78% for month and YTD performance remained 18.67%.

Albert Cuevas

Albert Cuevas also covers the business news across all market sectors for website. He also has an enormous knowledge of stock market. He holds an MBA degree from University of Florida. Albert has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He also covers Business news section for our site. Address: 1036 Stroop Hill Road, ELMER, New Jersey Email: Albert@newscontrol.info

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