UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $193.00 and last traded at $199.44, with a volume of 9734 shares trading hands. The stock had previously closed at $199.32.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on UFPT. StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd. Raymond James began coverage on shares of UFP Technologies in a report on Friday, March 28th. They set a "market perform" rating for the company.
Check Out Our Latest Stock Report on UFPT
UFP Technologies Price Performance
The firm has a 50-day moving average price of $236.67 and a 200 day moving average price of $270.99. The stock has a market capitalization of $1.43 billion, a P/E ratio of 26.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The firm had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million.
Insiders Place Their Bets
In other news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction dated 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 transaction, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.17% of the stock is currently owned by insiders.
Hedge Funds Weigh In On UFP Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its holdings in shares of UFP Technologies by 3.7% in the fourth quarter. California State Teachers Retirement System now owns 7,143 shares of the industrial products company's stock worth $1,747,000 after purchasing an additional 252 shares during the last quarter. Park Square Financial Group LLC bought a new stake in UFP Technologies in the 4th quarter worth $107,000. Public Employees Retirement System of Ohio increased its position in shares of UFP Technologies by 28.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 20,790 shares of the industrial products company's stock valued at $5,083,000 after acquiring an additional 4,572 shares during the period. Palisades Investment Partners LLC raised its stake in shares of UFP Technologies by 9.2% during the fourth quarter. Palisades Investment Partners LLC now owns 34,927 shares of the industrial products company's stock valued at $8,540,000 after acquiring an additional 2,945 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of UFP Technologies by 1.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,529 shares of the industrial products company's stock worth $2,819,000 after purchasing an additional 163 shares during the period. 87.28% of the stock is currently owned by institutional investors.
About UFP Technologies
(
Get Free Report)
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.
See Also
Before you consider UFP Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UFP Technologies wasn't on the list.
While UFP Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
