UFP Technologies (NASDAQ:UFPT) Trading Down 11.3% – What’s Next?

UFP Technologies, Inc. (NASDAQ:UFPT)’s stock price traded down 11.3% on Thursday . The stock traded as low as $231.00 and last traded at $218.0160. 67,835 shares traded hands during trading, a decline of 57% from the average session volume of 158,644 shares. The stock had previously closed at $245.83.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Zacks Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $289.00.

UFP Technologies Trading Down 6.7%

The firm has a 50-day moving average of $245.34 and a two-hundred day moving average of $222.56. The firm has a market capitalization of $1.77 billion, a P/E ratio of 26.79 and a beta of 1.11. The company has a current ratio of 2.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

Hedge Funds Weigh In On UFP Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of UFPT. ProShare Advisors LLC increased its stake in shares of UFP Technologies by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 1,466 shares of the industrial products company’s stock valued at $325,000 after acquiring an additional 46 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in shares of UFP Technologies by 1.2% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 3,977 shares of the industrial products company’s stock worth $794,000 after buying an additional 49 shares in the last quarter. Royce & Associates LP boosted its position in UFP Technologies by 0.7% in the third quarter. Royce & Associates LP now owns 7,511 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 54 shares during the last quarter. State of Wyoming boosted its holdings in shares of UFP Technologies by 22.7% in the 3rd quarter. State of Wyoming now owns 341 shares of the industrial products company’s stock worth $68,000 after buying an additional 63 shares during the last quarter. Finally, Guidance Capital Inc. grew its position in shares of UFP Technologies by 2.8% during the 4th quarter. Guidance Capital Inc. now owns 2,337 shares of the industrial products company’s stock valued at $519,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

About UFP Technologies

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.