BidaskClub cut shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, BidAskClub reports.
A number of other research analysts also recently weighed in on the company. ValuEngine downgraded UFP Technologies from a hold rating to a sell rating in a report on Friday, January 3rd. Zacks Investment Research downgraded UFP Technologies from a hold rating to a sell rating in a report on Thursday, January 16th.
Shares of NASDAQ UFPT traded down $0.40 during trading on Thursday, reaching $46.80. The company had a trading volume of 24,161 shares, compared to its average volume of 41,579. The company has a quick ratio of 2.10, a current ratio of 3.00 and a debt-to-equity ratio of 0.09. UFP Technologies has a 12-month low of $30.85 and a 12-month high of $50.00. The stock has a market cap of $350.07 million, a PE ratio of 19.00 and a beta of 0.66. The business’s 50-day moving average is $47.64 and its 200 day moving average is $43.13.
UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.56 by $0.19. UFP Technologies had a return on equity of 12.45% and a net margin of 9.25%. The company had revenue of $49.39 million for the quarter, compared to analysts’ expectations of $51.50 million. On average, analysts anticipate that UFP Technologies will post 2.47 earnings per share for the current year.
In other UFP Technologies news, Director Thomas Oberdorf sold 7,246 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $42.55, for a total value of $308,317.30. Following the transaction, the director now owns 52,354 shares of the company’s stock, valued at $2,227,662.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher P. Litterio sold 5,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $45.52, for a total value of $227,600.00. Following the completion of the transaction, the senior vice president now directly owns 11,289 shares in the company, valued at approximately $513,875.28. The disclosure for this sale can be found here. In the last three months, insiders sold 60,687 shares of company stock worth $2,715,999. 11.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of UFP Technologies by 17.2% in the second quarter. BlackRock Inc. now owns 419,673 shares of the industrial products company’s stock worth $17,462,000 after buying an additional 61,634 shares during the period. Vanguard Group Inc. raised its stake in shares of UFP Technologies by 13.9% in the second quarter. Vanguard Group Inc. now owns 391,778 shares of the industrial products company’s stock worth $16,301,000 after buying an additional 47,901 shares during the period. FMR LLC raised its stake in shares of UFP Technologies by 61.0% in the first quarter. FMR LLC now owns 202,001 shares of the industrial products company’s stock worth $7,555,000 after buying an additional 76,557 shares during the period. State Street Corp raised its stake in shares of UFP Technologies by 3.7% in the third quarter. State Street Corp now owns 133,262 shares of the industrial products company’s stock worth $5,144,000 after buying an additional 4,752 shares during the period. Finally, Roubaix Capital LLC raised its stake in shares of UFP Technologies by 7.4% in the third quarter. Roubaix Capital LLC now owns 101,725 shares of the industrial products company’s stock worth $3,927,000 after buying an additional 7,008 shares during the period. 71.66% of the stock is currently owned by institutional investors.
UFP Technologies Company Profile
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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