UFP Technologies (NASDAQ:UFPT) Shares Down 7% – Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT)’s stock price dropped 7% during trading on Wednesday . The company traded as low as $317.86 and last traded at $319.57. Approximately 30,358 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 61,107 shares. The stock had previously closed at $343.64.

UFP Technologies Price Performance

The stock’s 50 day moving average price is $310.39 and its two-hundred day moving average price is $294.76. 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 $2.37 billion, a price-to-earnings ratio of 44.14 and a beta of 0.96.

Insider Activity

In other news, VP Jason Holt sold 146 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the transaction, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the completion of the sale, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,426 shares of company stock valued at $8,932,331. 6.17% of the stock is owned by insiders.

Institutional Trading of UFP Technologies

Several institutional investors have recently modified their holdings of UFPT. Wasatch Advisors LP increased its holdings in UFP Technologies by 65.4% in the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after buying an additional 166,262 shares during the period. Congress Asset Management Co. boosted its holdings in UFP Technologies by 0.4% during the third quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock valued at $78,004,000 after purchasing an additional 986 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of UFP Technologies by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock valued at $27,737,000 after purchasing an additional 2,699 shares during the period. Swedbank AB bought a new position in shares of UFP Technologies during the 1st quarter worth approximately $25,220,000. Finally, Mountain Pacific Investment Advisers LLC grew its position in UFP Technologies by 0.3% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock valued at $29,445,000 after acquiring an additional 238 shares during the period. 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.