Notable Stock to Watch: Ultralife Corporation (NASDAQ:ULBI)

Ultralife Corporation (NASDAQ:ULBI) changed 5.24% to recent value of $8.43. The stock transacted 93177 shares during most recent day however it has an average volume of 47.49K shares. It spotted trading -29.57% off 52-week high price. On the other end, the stock has been noted 33.81% away from the low price over the last 52-weeks.

 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. 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 while earning per share for the next 5-years is expected to reach at 17.50%.

 The company has 15.74M 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 8.16% from the mean of 20 days, -6.04% from mean of 50 days SMA and performed -0.33% from mean of 200 days price. Company’s performance for the week was 9.77%, 8.35% for month and YTD performance remained 24.89%.

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