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UP Global Sourcing Holdings ( (GB:ULTP) ) has provided an announcement.
Ultimate Products announced the purchase and cancellation of 12,900 ordinary shares as part of its ongoing share buyback program, which commenced in May 2024. This transaction reduces the company’s total issued share capital to 86,978,892 ordinary shares, impacting the total voting rights and potentially influencing shareholder interest calculations under FCA rules.
Spark’s Take on GB:ULTP Stock
According to Spark, TipRanks’ AI Analyst, GB:ULTP is a Neutral.
UP Global Sourcing Holdings exhibits strong financial health with robust margins and effective cash flow generation. Its attractive valuation enhances its appeal, although technical indicators suggest bearish sentiment. The share buyback program further supports shareholder value.
To see Spark’s full report on GB:ULTP stock, click here.
More about UP Global Sourcing Holdings
Ultimate Products is a prominent player in the homeware industry, owning several leading brands such as Salter and Beldray. The company specializes in five main product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It serves over 300 retailers across 38 countries, including large national and international multi-channel retailers, as well as smaller national retail chains.
YTD Price Performance: -43.31%
Average Trading Volume: 187,629
Technical Sentiment Signal: Strong Buy
Current Market Cap: £55.59M
For an in-depth examination of ULTP stock, go to TipRanks’ Stock Analysis page.