UFP Technologies (NASDAQ:UFPT) Reaches New 12-Month Low - Here's Why

Shares of UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $178.26 and last traded at $179.00, with a volume of 5965 shares traded. The stock had previously closed at $186.83.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Raymond James assumed coverage on UFP Technologies in a research note on Friday, March 28th. They issued a "market perform" rating for the company. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd.

UFP Technologies Stock Performance

The stock's 50-day moving average price is $224.95 and its 200-day moving average price is $263.31. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.61 billion, a P/E ratio of 29.87 and a beta of 1.08.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.45. The firm had revenue of $144.07 million for the quarter, compared to analysts' expectations of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

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Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total value of $1,563,694.86. Following the sale, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.17% of the company's stock.

Hedge Funds Weigh In On UFP Technologies

Several institutional investors have recently modified their holdings of the company. Wasatch Advisors LP increased its stake in shares of UFP Technologies by 37.1% in the fourth quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock valued at $141,007,000 after purchasing an additional 156,142 shares during the period. Vanguard Group Inc. increased its position in UFP Technologies by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock valued at $136,309,000 after acquiring an additional 17,356 shares during the period. Congress Asset Management Co. raised its stake in UFP Technologies by 10.0% during the 1st quarter. Congress Asset Management Co. now owns 309,395 shares of the industrial products company's stock valued at $62,408,000 after acquiring an additional 28,070 shares in the last quarter. State Street Corp boosted its position in UFP Technologies by 1.4% during the 3rd quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock worth $89,772,000 after acquiring an additional 4,007 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of UFP Technologies by 55.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company's stock worth $43,625,000 after purchasing an additional 63,899 shares in the last quarter. Institutional investors own 87.28% of the company's stock.

UFP Technologies Company Profile

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.