Media coverage about UFP Technologies (NASDAQ:UFPT) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. UFP Technologies earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.8185985002114 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, Zacks Investment Research upgraded UFP Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Tuesday, August 29th.
Shares of UFP Technologies (UFPT) traded up $1.30 during mid-day trading on Wednesday, reaching $28.30. The company had a trading volume of 32,600 shares, compared to its average volume of 21,269. The stock has a market capitalization of $207.49, a PE ratio of 24.77 and a beta of 0.12. UFP Technologies has a 12 month low of $22.95 and a 12 month high of $31.50.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.13). UFP Technologies had a return on equity of 6.83% and a net margin of 5.43%. The firm had revenue of $35.68 million during the quarter, compared to analysts’ expectations of $38.70 million. equities analysts anticipate that UFP Technologies will post 1.12 EPS for the current year.
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UFP Technologies Company Profile
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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