Ultralife Corp. (ULBI, Financial) insiders purchased a combined total of 43,107 shares, according to the Securities and Exchange Commission.
Michael D. Popielec, director, president and CEO, purchased 10,000 shares in four separate transactions between Nov. 2 and Nov. 4. The purchases came at an average price of $4.14 per share.
Bradford T. Whitmore purchased 33,107 shares in six separate transactions between Nov.11 and Nov. 15 for an average price of $4.24 per share.
Ultralife was incorporated in the state of Delaware in December of 1990. The company offers products and services ranging from power solutions to communications and electronics systems to customers across the globe.
Ultralife has a market cap of $65.51 million, a price-earnings (P/E) ratio of 28.65, an enterprise value of $58.7 million and a price-book (P/B) ratio of 0.99.
According to GuruFocus, Ultralife has an 8 of 10 financial strength rating with no debt. It has an equity to asset ratio of 0.80 and an interest coverage ratio of 9.88. The Piotroski F-Score of 6 indicates the company’s financial situation is stable. The company also has a 4 of 10 profitability and growth rating with an operating margin of 3.29%, a net margin of 2.83%, a return on equity (ROE) of 3.43%, a return on assets (ROA) of 2.73% and three-year revenue growth of -7.40%.
Guru Jim Simons (Trades, Portfolio) reduced his stake in Ultralife during the third quarter. He sold 11,356 shares for an average price of $4.40 per share.
Ultralife's market price has plummeted by an estimated 62% over the previous 10 years. Over the previous year, Ultralife’s market price has tumbled by an estimated 42%. This may have influenced the insiders to purchase shares.Â
Below is a Peter Lynch chart that shows Ultralife is trading above its intrinsic value.
Disclosure:Â Author does not own any shares of this company.
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