UFP Technologies (NASDAQ:UFPT) Shares Down 5.2% – Time to Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) shares dropped 5.2% during mid-day trading on Thursday . The company traded as low as $205.01 and last traded at $208.17. Approximately 35,742 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 131,000 shares. The stock had previously closed at $219.66.

Analysts Set New Price Targets

A number of research firms recently commented on UFPT. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $289.00.

UFP Technologies Trading Up 0.4%

The company has a market cap of $1.67 billion, a price-to-earnings ratio of 25.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.41 and a quick ratio of 1.36. The business’s 50-day simple moving average is $210.39 and its 200-day simple moving average is $220.80.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Thursday, November 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.The firm had revenue of $96.97 million during the quarter.

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,829 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $227.20, for a total value of $415,548.80. Following the completion of the transaction, the senior vice president owned 10,756 shares of the company’s stock, valued at $2,443,763.20. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UFP Technologies

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in UFP Technologies by 1,858.2% during the 1st quarter. American Century Companies Inc. now owns 287,588 shares of the industrial products company’s stock worth $58,010,000 after buying an additional 272,902 shares during the period. Allspring Global Investments Holdings LLC boosted its position in UFP Technologies by 469.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 103,663 shares of the industrial products company’s stock valued at $20,687,000 after buying an additional 85,457 shares during the last quarter. Geneva Capital Management LLC grew its stake in shares of UFP Technologies by 88.6% during the third quarter. Geneva Capital Management LLC now owns 158,496 shares of the industrial products company’s stock valued at $31,636,000 after acquiring an additional 74,461 shares in the last quarter. Ashford Capital Management Inc. purchased a new stake in shares of UFP Technologies during the second quarter worth about $17,284,000. Finally, Swedbank AB lifted its stake in shares of UFP Technologies by 68.8% in the first quarter. Swedbank AB now owns 135,000 shares of the industrial products company’s stock worth $27,231,000 after acquiring an additional 55,000 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

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.