UFP Technologies (NASDAQ:UFPT) Reaches New 12-Month Low - Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $199.86 and last traded at $202.16, with a volume of 35153 shares trading hands. The stock had previously closed at $212.62.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd.

UFP Technologies Stock Performance

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 stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 29.83 and a beta of 1.15. The stock's 50 day moving average is $246.21 and its 200 day moving average is $276.43.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating 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 business had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million.

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Insiders Place Their Bets

In related news, Director Daniel C. Croteau sold 6,846 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.17% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its holdings in shares of UFP Technologies by 37.1% during the 4th quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company's stock worth $141,007,000 after purchasing an additional 156,142 shares during the period. Vanguard Group Inc. lifted its stake in shares of UFP Technologies by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 557,479 shares of the industrial products company's stock worth $136,309,000 after purchasing an additional 17,356 shares in the last quarter. State Street Corp grew its stake in shares of UFP Technologies by 1.4% in the third quarter. State Street Corp now owns 283,460 shares of the industrial products company's stock valued at $89,772,000 after buying an additional 4,007 shares in the last quarter. Congress Asset Management Co. lifted its position in UFP Technologies by 14.2% during the 4th quarter. Congress Asset Management Co. now owns 281,325 shares of the industrial products company's stock worth $68,787,000 after acquiring an additional 35,022 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in 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 valued at $43,625,000 after acquiring an additional 63,899 shares in the last quarter. Institutional investors and hedge funds 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.