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UP Global Sourcing Holdings ( (GB:ULTP) ) just unveiled an update.
Ultimate Products has announced the purchase and cancellation of 7,300 ordinary shares as part of its ongoing share buyback program. This transaction reduces the company’s issued share capital to 86,767,212 ordinary shares, impacting the total voting rights and potentially affecting shareholder interests under the FCA’s rules.
Spark’s Take on GB:ULTP Stock
According to Spark, TipRanks’ AI Analyst, GB:ULTP is a Outperform.
UP Global Sourcing Holdings is underpinned by strong financials and an attractive valuation, offering a compelling investment case. However, bearish technical indicators and revenue growth volatility present challenges. The ongoing share buyback program positively influences shareholder value, providing a balanced outlook.
To see Spark’s full report on GB:ULTP stock, click here.
More about UP Global Sourcing Holdings
Ultimate Products is a company that owns several leading homeware brands such as Salter and Beldray, with a significant presence in the UK market where nearly 80% of households own at least one of its products. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling, and sells to over 300 retailers across 38 countries. Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.
Average Trading Volume: 159,596
Technical Sentiment Signal: Sell
Current Market Cap: £53.75M
Learn more about ULTP stock on TipRanks’ Stock Analysis page.