UFP Technologies, Inc. (NASDAQ:UFPT) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 61,700 shares, a growth of 10.2% from the April 30th total of 56,000 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average trading volume of 43,100 shares, the days-to-cover ratio is currently 1.4 days.
UFPT opened at $43.67 on Friday. The business has a fifty day moving average of $41.44 and a 200 day moving average of $44.82. The stock has a market cap of $320.12 million, a P/E ratio of 16.42 and a beta of 0.78. The company has a quick ratio of 2.26, a current ratio of 3.42 and a debt-to-equity ratio of 0.01. UFP Technologies has a 52-week low of $30.80 and a 52-week high of $52.59.
UFP Technologies (NASDAQ:UFPT) last released its earnings results on Tuesday, May 5th. The industrial products company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.02). The business had revenue of $48.28 million for the quarter, compared to the consensus estimate of $49.00 million. UFP Technologies had a return on equity of 12.56% and a net margin of 9.99%. Equities analysts anticipate that UFP Technologies will post 1.52 EPS for the current fiscal year.
In other UFP Technologies news, Director Marc D. Kozin sold 4,933 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $46.06, for a total transaction of $227,213.98. Following the sale, the director now directly owns 45,337 shares of the company’s stock, valued at $2,088,222.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in UFP Technologies by 61.0% in the 1st quarter. FMR LLC now owns 202,001 shares of the industrial products company’s stock valued at $7,555,000 after buying an additional 76,557 shares during the period. State Street Corp raised its stake in shares of UFP Technologies by 3.7% during the third quarter. State Street Corp now owns 133,262 shares of the industrial products company’s stock valued at $5,144,000 after acquiring an additional 4,752 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of UFP Technologies in the fourth quarter valued at approximately $205,000. Strs Ohio grew its stake in UFP Technologies by 1,133.3% in the fourth quarter. Strs Ohio now owns 7,400 shares of the industrial products company’s stock worth $367,000 after purchasing an additional 6,800 shares in the last quarter. Finally, Chatham Capital Group Inc. purchased a new position in UFP Technologies during the 4th quarter worth $736,000. Institutional investors own 74.29% of the company’s stock.
UFPT has been the topic of several analyst reports. BidaskClub cut UFP Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. ValuEngine raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Zacks Investment Research cut UFP Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th.
About UFP Technologies
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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