UFP Technologies (NASDAQ:UFPT) Sets New 1-Year Low – Here’s What Happened

UFP Technologies, Inc. (NASDAQ:UFPT) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $178.26 and last traded at $179.00, with a volume of 5965 shares changing hands. The stock had previously closed at $186.83.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UFPT. Raymond James assumed coverage on UFP Technologies in a research note on Friday, March 28th. They set a “market perform” rating on the stock. StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Trading Up 5.8 %

The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 28.53 and a beta of 1.08. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average price of $235.04 and a 200-day moving average price of $269.13.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.45. The business had revenue of $144.07 million during 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 Activity at UFP Technologies

In other news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction dated 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 sale, the director now owns 1,785 shares in the company, valued at approximately $407,711.85. This represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.17% of the stock is currently owned by company insiders.

Institutional Trading of UFP Technologies

Several institutional investors and hedge funds have recently bought and sold shares of UFPT. AlphaQuest LLC acquired a new stake in shares of UFP Technologies during the 4th quarter valued at approximately $25,000. Johnson Financial Group Inc. bought a new stake in UFP Technologies during the fourth quarter valued at $42,000. Venturi Wealth Management LLC bought a new position in shares of UFP Technologies in the 4th quarter worth about $74,000. EverSource Wealth Advisors LLC boosted its holdings in shares of UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after buying an additional 66 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of UFP Technologies during the 4th quarter valued at about $84,000. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Company Profile

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.