Ultralife Corporation’s (NASDAQ:ULBI) Share Price Is Still Matching Investor Opinion Despite 25% Slump
Explore Ultralife’s Fair Values from the Community and select yours
The Ultralife Corporation (NASDAQ:ULBI) share price has softened a substantial 25% over the previous 30 days, handing back much of the gains the stock has made lately. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 37% in that time.
Even after such a large drop in price, Ultralife may still be sending very bearish signals at the moment with a price-to-earnings (or “P/E”) ratio of 33.9x, since almost half of all companies in the United States have P/E ratios under 18x and even P/E’s lower than 11x are not unusual. However, the P/E might be quite high for a reason…
