News articles about UFP Technologies (NASDAQ:UFPT) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. UFP Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.3284568579222 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Separately, Zacks Investment Research raised shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Saturday, November 18th.
UFP Technologies (NASDAQ UFPT) traded up $0.05 during trading hours on Friday, hitting $28.60. 15,415 shares of the stock were exchanged, compared to its average volume of 19,851. UFP Technologies has a fifty-two week low of $22.95 and a fifty-two week high of $31.50. The firm has a market cap of $207.49, a PE ratio of 26.24 and a beta of 0.13.
UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $35.68 million for the quarter, compared to analyst estimates of $38.70 million. sell-side analysts forecast that UFP Technologies will post 1.12 earnings per share for the current fiscal 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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