Zacks Investment Research lowered shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research note published on Tuesday.
According to Zacks, “UFP TECH., INC. designs and manufactures a range of high-performance cushion packaging and specialty foam and plastic prods. for the industrial and consumer markets. UFP also designs precision moulded fibre packaging prods. made from recycled paper. “
Shares of UFP Technologies (NASDAQ:UFPT) opened at $28.60 on Tuesday. UFP Technologies has a one year low of $23.55 and a one year high of $31.50. The stock has a market capitalization of $207.49, a price-to-earnings ratio of 26.24 and a beta of 0.13.
Several large investors have recently added to or reduced their stakes in UFPT. FMR LLC raised its stake in shares of UFP Technologies by 105.5% during the 2nd quarter. FMR LLC now owns 205,504 shares of the industrial products company’s stock valued at $5,816,000 after purchasing an additional 105,504 shares during the period. Nationwide Fund Advisors raised its stake in shares of UFP Technologies by 952.3% during the 2nd quarter. Nationwide Fund Advisors now owns 40,775 shares of the industrial products company’s stock valued at $1,154,000 after purchasing an additional 36,900 shares during the period. Cove Street Capital LLC raised its stake in shares of UFP Technologies by 6.1% during the 4th quarter. Cove Street Capital LLC now owns 613,130 shares of the industrial products company’s stock valued at $17,045,000 after purchasing an additional 35,150 shares during the period. Quantum Capital Management bought a new stake in shares of UFP Technologies during the 3rd quarter valued at $983,000. Finally, Dimensional Fund Advisors LP increased its stake in UFP Technologies by 19.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 148,830 shares of the industrial products company’s stock worth $4,212,000 after acquiring an additional 24,724 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “UFP Technologies (UFPT) Downgraded by Zacks Investment Research to “Sell”” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.thelincolnianonline.com/2018/02/14/ufp-technologies-ufpt-downgraded-by-zacks-investment-research-to-sell.html.
About UFP Technologies
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.
Receive News & Ratings for UFP Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UFP Technologies and related companies with MarketBeat.com's FREE daily email newsletter.