Ultra Brands ( (TSE:ULTA) ) has issued an update.
Ultra Brands Ltd. has appointed Mr. Jia Qian to its board of directors following the passing of long-standing director Mr. David Bentil. Mr. Qian, known for his entrepreneurial spirit and commitment to social impact through his company StrayFaces, is expected to bring valuable expertise and leadership to Ultra Brands as it continues to advance its mission in the agri-food industry.
Spark’s Take on TSE:ULTA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ULTA is a Underperform.
Ultra Brands faces severe financial instability with declining revenues, significant losses, and high leverage. The technical indicators show weak momentum, and the valuation metrics suggest overvaluation due to negative earnings. These factors collectively result in a low overall score, highlighting substantial risks and challenges.
To see Spark’s full report on TSE:ULTA stock, click here.
More about Ultra Brands
Ultra Brands Ltd. is an agri-food holdings company focused on innovative products and technologies in the food services industry. It owns Black Sheep Vegan Cheeze Company and Be Good Plant-based Foods, offering plant-based chicken, pork, and beef products. The company is also investing in the development of keto-friendly plant-based candy products.
YTD Price Performance: -16.67%
Average Trading Volume: 110
Technical Sentiment Signal: Strong Buy
Current Market Cap: $131.1K
For a thorough assessment of ULTA stock, go to TipRanks’ Stock Analysis page.