Ultralife (ULBI) Shares Cross Below Book Value

In trading on Wednesday, shares of Ultralife Corp ( ULBI) crossed below their last reported book value — defined as common shareholder equity per share — of $4.14, changing hands as low as $4.09 per share. Ultralife Corp shares are currently trading up about 1.6% on the day. The chart below shows the one year performance of ULBI shares, versus its 50 and 200 day moving averages:

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Ultralife Corp Moving Averages Chart

Looking at the chart above, ULBI's low point in its 52 week range is $2.54 per share, with $4.65 as the 52 week high point — that compares with a last trade of $4.41.

According to the ETF Finder at ETF Channel, ULBI makes up 3.40% of the Lithium ETF ( LIT) which is trading lower by about 1.5% on the day Wednesday.
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