Ultralife Corporation (NASDAQ:ULBI) posted its quarterly earnings results on Thursday. The technology company reported $0.07 EPS for the quarter, Bloomberg Earnings reports. Ultralife Corporation had a net margin of 6.61% and a return on equity of 7.94%. The firm had revenue of $21.05 million for the quarter.
Ultralife Corporation (ULBI) opened at $6.30 on Friday. The firm has a market cap of $104.70, a P/E ratio of 18.61 and a beta of -0.09.
A hedge fund recently raised its stake in Ultralife Corporation stock. Northern Trust Corp grew its holdings in shares of Ultralife Corporation (NASDAQ:ULBI) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,473 shares of the technology company’s stock after acquiring an additional 1,030 shares during the period. Northern Trust Corp owned about 0.18% of Ultralife Corporation worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 24.78% of the company’s stock.
About Ultralife Corporation
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.
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