UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) shares were down 6.2% during trading on Tuesday . The stock traded as low as $206.43 and last traded at $202.84. Approximately 18,038 shares traded hands during trading, a decline of 76% from the average daily volume of 74,181 shares. The stock had previously closed at $216.30.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of UFP Technologies from a "hold" rating to a "sell" rating in a research note on Thursday, January 23rd.
Get Our Latest Report on UFPT
UFP Technologies Trading Down 6.5 %
The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.37 and a beta of 1.15. The company has a 50-day moving average price of $246.91 and a 200-day moving average price of $277.96.
UFP Technologies (NASDAQ:UFPT - Get Free Report) last announced 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. The firm had revenue of $144.07 million for the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.
Insider Buying and Selling
In other news, Director Daniel C. Croteau sold 6,846 shares of the firm'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 transaction of $1,563,694.86. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.17% of the stock is currently owned by company insiders.
Institutional Trading of UFP Technologies
A number of large investors have recently bought and sold shares of UFPT. California State Teachers Retirement System raised 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 valued at $1,747,000 after buying an additional 252 shares during the last quarter. Park Square Financial Group LLC acquired a new position in UFP Technologies in the 4th quarter valued at about $107,000. Public Employees Retirement System of Ohio lifted its position in UFP Technologies by 28.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 20,790 shares of the industrial products company's stock worth $5,083,000 after acquiring an additional 4,572 shares during the period. Palisades Investment Partners LLC grew its stake in shares of UFP Technologies by 9.2% in the 4th quarter. Palisades Investment Partners LLC now owns 34,927 shares of the industrial products company's stock valued at $8,540,000 after purchasing an additional 2,945 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of UFP Technologies by 1.4% in 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 valued at $2,819,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 87.28% of the company's stock.
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.
Further Reading
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