Ultimate Products PLC Advances Share Buyback Program

UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an update.

Ultimate Products PLC has announced the purchase and cancellation of 11,500 ordinary shares as part of its ongoing share buyback program. This transaction reduces the company’s total issued share capital to 87,017,192 ordinary shares, impacting the total voting rights available to shareholders. The move is part of the company’s strategy to manage its capital structure and could potentially influence shareholder value and market perception.

Spark’s Take on GB:ULTP Stock

According to Spark, TipRanks’ AI Analyst, GB:ULTP is a Outperform.

UP Global Sourcing Holdings has a robust financial standing with consistent profitability and cash flow generation. The attractive valuation, with a low P/E ratio and high dividend yield, enhances its appeal to investors. However, the bearish technical indicators and volatile revenue growth dampen the outlook slightly. The share buyback program provides an additional positive impact on shareholder value.

To see Spark’s full report on GB:ULTP stock, click here.

More about UP Global Sourcing Holdings

Ultimate Products PLC is a prominent player in the homeware industry, owning several leading brands including Salter and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. With a presence in over 38 countries, it caters to a wide range of retailers, from large national chains to smaller retail outlets. Founded in 1997, Ultimate Products is headquartered in Oldham, Greater Manchester, and employs over 370 staff.

YTD Price Performance: -44.52%

Average Trading Volume: 168,166

Technical Sentiment Signal: Strong Buy

Current Market Cap: £54.09M

For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.