Ultimate Products (LON:ULTP) Reaches New 1-Year Low – Here’s Why

Ultimate Products Plc (LON:ULTP)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 71 ($0.92) and last traded at GBX 71.40 ($0.92), with a volume of 180110 shares. The stock had previously closed at GBX 74 ($0.96).

Ultimate Products Price Performance

The firm has a market capitalization of £60.59 million, a PE ratio of 5.86 and a beta of 1.39. The company’s fifty day simple moving average is GBX 89.71 and its 200-day simple moving average is GBX 115.03.

Ultimate Products Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were paid a GBX 4.93 ($0.06) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This is a positive change from Ultimate Products’s previous dividend of $2.45. This represents a dividend yield of 3.47%. Ultimate Products’s payout ratio is currently 57.44%.

About Ultimate Products

Ultimate Products is the owner of a number of leading homeware brands including Salter (the UK’s oldest houseware brand, established in 1760) and Beldray (a laundry, floor care, heating and cooling brand that was established in 1872). According to its market research, nearly 80% of UK households own at least one of the Group’s products.

Ultimate Products sells to over 300 retailers across 38 countries, and specialises in five product categories: Small Domestic Appliances; Housewares; Laundry; Audio; and Heating and Cooling.