UP Global Sourcing Holdings ( (GB:ULTP) ) has shared an announcement.
Ultimate Products PLC has announced the purchase and cancellation of 12,850 ordinary shares as part of its ongoing share buyback program, initially announced in May 2024. This transaction, executed through Shore Capital Stockbrokers Limited, adjusts the company’s total issued share capital to 86,966,042 ordinary shares, impacting the total voting rights and potentially influencing shareholder interest calculations. The move reflects the company’s strategic financial management and may affect its market positioning and stakeholder relations.
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 PLC is a prominent player in the homeware industry, owning several 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, catering to a wide range of retailers from large international chains to smaller national stores. Founded in 1997 and headquartered in Oldham, Greater Manchester, Ultimate Products employs over 370 staff and operates additional offices in Guangzhou, China, and Paris, France.
YTD Price Performance: -44.86%
Average Trading Volume: 188,699
Technical Sentiment Signal: Strong Buy
Current Market Cap: £54.05M
For a thorough assessment of ULTP stock, go to TipRanks’ Stock Analysis page.