UFP Technologies (NASDAQ:UFPT) Sets New 52-Week Low – Here’s What Happened

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $199.86 and last traded at $202.16, with a volume of 35153 shares trading hands. The stock had previously closed at $212.62.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Trading Down 5.6 %

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 $1.54 billion, a PE ratio of 28.63 and a beta of 1.15. The business’s 50-day moving average price is $247.78 and its 200-day moving average price is $278.95.

UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. The business 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 Transactions at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at $407,711.85. This trade represents a 79.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.17% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its position in UFP Technologies by 144.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock valued at $5,136,000 after buying an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in UFP Technologies by 4.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock valued at $21,250,000 after buying an additional 2,842 shares during the last quarter. Intech Investment Management LLC purchased a new position in UFP Technologies in the 3rd quarter valued at $1,176,000. Principal Financial Group Inc. lifted its holdings in UFP Technologies by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 39,108 shares of the industrial products company’s stock valued at $9,562,000 after acquiring an additional 1,444 shares during the period. Finally, Jane Street Group LLC lifted its holdings in UFP Technologies by 32.2% in the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock valued at $3,668,000 after acquiring an additional 2,822 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

About UFP Technologies

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.