Is Ultralife Corporation (NASDAQ:ULBI) now a ‘Sell’ After a BidaskScore Downgrade?

Ultralife Corporation (NASDAQ:ULBI) Logo

Investors sentiment decreased to 1.06 in Q2 2019. Its down 0.51, from 1.57 in 2019Q1. It worsened, as 6 investors sold Ultralife Corporation shares while 11 reduced holdings. 5 funds opened positions while 13 raised stakes. 5.09 million shares or 1.82% more from 5.00 million shares in 2019Q1 were reported.

River & Mercantile Asset Management Ltd Liability Partnership stated it has 0.21% of its portfolio in Ultralife Corporation (NASDAQ:ULBI). Northern Tru Corporation invested in 31,765 shares. Geode Cap Management Lc accumulated 0% or 104,258 shares. 138,941 are owned by Millennium Management Ltd Llc. Essex Limited Liability Company reported 192,640 shares or 0.21% of all its holdings. Franklin Resources invested in 0% or 380,902 shares. Shikiar Asset Mgmt reported 0.07% in Ultralife Corporation (NASDAQ:ULBI). Tower Ltd Limited Liability Company (Trc) reported 356 shares. 11,961 are held by Acadian Asset Mgmt Ltd Liability Corp. Teton Advisors holds 0.1% or 126,200 shares. 7,450 are held by Brandywine Glob Investment Management Limited Liability Company. Bridgeway invested 0.01% in Ultralife Corporation (NASDAQ:ULBI). Renaissance Technologies Ltd Limited Liability Company invested 0% in Ultralife Corporation (NASDAQ:ULBI). Retail Bank Of America De accumulated 940 shares or 0% of the stock. Moreover, Mirae Asset Glob Investments Limited has 0.01% invested in Ultralife Corporation (NASDAQ:ULBI).

Ultralife Corporation (NASDAQ:ULBI) Receives a Downgrade

BidaskScore has decided to issue a report indicating that Ultralife Corporation (NASDAQ:ULBI) shares are now a ‘Sell’ in analysts report revealed to investors on Thursday, 10 October.

The stock increased 0.49% or $0.04 during the last trading session, reaching $8.15. About 11,594 shares traded. Ultralife Corporation (NASDAQ:ULBI) has declined 12.26% since October 10, 2018 and is downtrending. It has underperformed by 12.26% the S&P500.

Ultralife Corporation designs, manufactures, installs, and maintains power, and communication and electronics systems for government, defense, and commercial sectors worldwide. The company has market cap of $128.47 million. The firm operates in two divisions, Battery & Energy Products and Communications Systems. It has a 5.52 P/E ratio. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.

More notable recent Ultralife Corporation (NASDAQ:ULBI) news were published by: Globenewswire.com which released: “Ultralife Corporation Awarded $10.9 Million Communications Systems Contract – GlobeNewswire” on October 02, 2018, also Seekingalpha.com with their article: “Ultralife Corporation 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 07, 2019, Globenewswire.com published: “Ultralife Corporation to Report First Quarter Results on May 2, 2019 – GlobeNewswire” on April 18, 2019. More interesting news about Ultralife Corporation (NASDAQ:ULBI) were released by: Globenewswire.com and their article: “Ultralife Corporation Reports First Quarter Results Nasdaq:ULBI – GlobeNewswire” published on May 02, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why I Like Ultralife Corporation (NASDAQ:ULBI) – Yahoo Finance” with publication date: October 09, 2019.

Ultralife Corporation (NASDAQ:ULBI) Institutional Positions Chart

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