UFP Technologies (NASDAQ:UFPT) Trading Down 6.5% - Here's Why

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report)'s stock price traded down 6.5% during trading on Tuesday . The company traded as low as $265.36 and last traded at $264.14. 20,230 shares were traded during mid-day trading, a decline of 80% from the average session volume of 103,708 shares. The stock had previously closed at $282.42.

Analysts Set New Price Targets

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

UFP Technologies Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The firm has a market capitalization of $2.11 billion, a PE ratio of 39.18 and a beta of 1.04. The company's fifty day simple moving average is $268.13 and its 200 day simple moving average is $297.93.

Insiders Place Their Bets

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now directly owns 4,049 shares in the company, valued at $1,426,462.70. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jason Holt sold 146 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now owns 6,721 shares of the company's stock, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock worth $4,620,154 over the last 90 days. Corporate insiders own 6.17% of the company's stock.

Institutional Investors Weigh In On UFP Technologies

Several large investors have recently added to or reduced their stakes in UFPT. GAMMA Investing LLC raised its holdings in shares of UFP Technologies by 77.9% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company's stock valued at $43,000 after acquiring an additional 60 shares in the last quarter. KBC Group NV increased its position in shares of UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company's stock worth $86,000 after purchasing an additional 81 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in UFP Technologies by 10.9% in the third quarter. Arete Wealth Advisors LLC now owns 909 shares of the industrial products company's stock valued at $287,000 after purchasing an additional 89 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in UFP Technologies during the third quarter valued at approximately $32,000. Finally, Advisors Asset Management Inc. grew its stake in UFP Technologies by 39.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 412 shares of the industrial products company's stock worth $130,000 after buying an additional 116 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.