Could Ultralife Corporation (ULBI) Lose its Strength? The Stock Reaches 52-Week High

March 17, 2018 - By Clifton Ray

Investors sentiment decreased to 1.33 in Q3 2017. Its down 1.17, from 2.5 in 2017Q2. It dropped, as 3 investors sold Ultralife Corporation shares while 9 reduced holdings. 6 funds opened positions while 10 raised stakes. 4.05 million shares or 7.14% more from 3.78 million shares in 2017Q2 were reported.
Wealthcare Capital Management Limited Liability Com holds 200 shares. Teton Advisors holds 0.02% of its portfolio in Ultralife Corporation (NASDAQ:ULBI) for 25,000 shares. Dimensional Fund Lp has invested 0% in Ultralife Corporation (NASDAQ:ULBI). Franklin Resources Inc holds 0% in Ultralife Corporation (NASDAQ:ULBI) or 367,321 shares. Geode Limited Liability Com invested 0% of its portfolio in Ultralife Corporation (NASDAQ:ULBI). Essex Invest Mngmt Co Limited Co reported 0.1% of its portfolio in Ultralife Corporation (NASDAQ:ULBI). Acadian Asset Lc invested 0% in Ultralife Corporation (NASDAQ:ULBI). 286,186 were reported by Glob X Mgmt Ltd. Numeric Invsts Llc has 0% invested in Ultralife Corporation (NASDAQ:ULBI) for 43,814 shares. National Bank Of Mellon owns 13,379 shares. Capital Advsrs Limited Ltd Llc stated it has 0% of its portfolio in Ultralife Corporation (NASDAQ:ULBI). Manufacturers Life Ins The accumulated 0% or 1,277 shares. Deutsche Commercial Bank Ag reported 63,094 shares. Royal State Bank Of Canada holds 0% or 9 shares. Virtu Fincl Ltd Liability Company reported 0% in Ultralife Corporation (NASDAQ:ULBI).

Since December 15, 2017, it had 1 buy, and 0 sales for $22,022 activity.

The stock of Ultralife Corporation (NASDAQ:ULBI) hit a new 52-week high and has $10.10 target or 8.00 % above today’s $9.35 share price. The 6 months bullish chart indicates low risk for the $146.36 million company. The 1-year high was reported on Mar, 17 by If the $10.10 price target is reached, the company will be worth $11.71M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 4.47% or $0.4 during the last trading session, reaching $9.35. About 114,022 shares traded or 230.88% up from the average. Ultralife Corporation (NASDAQ:ULBI) has risen 59.57% since March 17, 2017 and is uptrending. It has outperformed by 42.87% the S&P500.

Ultralife Corporation designs, manufactures, installs, and maintains power, and communication and electronic systems for government, defense, and commercial sectors worldwide. The company has market cap of $146.36 million. The firm operates in two divisions, Battery & Energy Products and Communications Systems. It has a 19.48 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.

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