News articles about UFP Technologies (NASDAQ:UFPT) have been trending somewhat negative this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. UFP Technologies earned a media sentiment score of -0.03 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.2697180227259 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
Separately, Zacks Investment Research raised UFP Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, August 29th.
UFP Technologies (NASDAQ UFPT) traded down 1.11% on Friday, hitting $31.10. The company had a trading volume of 11,385 shares. The stock has a market cap of $226.00 million, a P/E ratio of 25.28 and a beta of 0.20. UFP Technologies has a 12-month low of $22.95 and a 12-month high of $31.30. The firm’s 50 day moving average price is $28.36 and its 200 day moving average price is $27.58.
UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. UFP Technologies had a net margin of 6.03% and a return on equity of 6.86%. The business had revenue of $37.89 million for the quarter, compared to analyst estimates of $40.00 million. Equities analysts predict that UFP Technologies will post $1.41 earnings per share for the current fiscal year.
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About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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