UFP Technologies (NASDAQ:UFPT) Stock Rating Lowered by Zacks Research

UFP Technologies (NASDAQ:UFPT) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

UFPT has been the topic of several other reports. Wall Street Zen cut UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $289.00.

UFP Technologies Trading Up 3.0%

UFP Technologies stock opened at $224.19 on Tuesday. UFP Technologies has a 1 year low of $178.26 and a 1 year high of $289.57. The firm’s 50 day moving average price is $213.38 and its 200-day moving average price is $219.75. 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 stock has a market cap of $1.73 billion, a P/E ratio of 25.98 and a beta of 1.10.

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

Insider Activity

In other news, SVP Christopher P. Litterio sold 1,829 shares of UFP Technologies stock in a transaction that occurred on Thursday, November 6th. The stock was 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 in the company, valued at approximately $2,443,763.20. The trade was a 14.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is owned by insiders.

Institutional Trading of UFP Technologies

A number of institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in UFP Technologies by 290.3% during the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 90 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of UFP Technologies by 179.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 111 shares during the period. GAMMA Investing LLC boosted its stake in shares of UFP Technologies by 37.6% during the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 50 shares during the period. Canada Pension Plan Investment Board bought a new position in UFP Technologies during the 2nd quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in UFP Technologies in the 3rd quarter worth about $51,000. 87.28% of the stock is currently owned by institutional investors.

About UFP Technologies

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.