UP Global Sourcing Holdings ( (GB:ULTP) ) has issued an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 42,000 ordinary shares as part of its ongoing share buyback program. This move reduces the company’s issued share capital to 86,885,692 ordinary shares, impacting the total voting rights and potentially affecting shareholder calculations under FCA rules. This strategic financial maneuver is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
Spark’s Take on GB:ULTP Stock
According to Spark, TipRanks’ AI Analyst, GB:ULTP is a Outperform.
UP Global Sourcing Holdings demonstrates strong financial health with robust margins and effective cash flow management. The attractive valuation further enhances its appeal. Despite these strengths, the bearish technical indicators and volatile revenue growth temper the overall outlook.
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 leading brands such as Salter and Beldray. The company specializes in five product categories: Small Domestic Appliances, Housewares, Laundry, Audio, and Heating and Cooling. It sells to over 300 retailers across 38 countries, including both large national and international multi-channel retailers as well as smaller national retail chains. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and has additional offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -45.38%
Average Trading Volume: 193,662
Technical Sentiment Signal: Buy
Current Market Cap: £53.51M
Find detailed analytics on ULTP stock on TipRanks’ Stock Analysis page.