UFP Technologies (NASDAQ:UFPT) Posts Earnings Results, Beats Expectations By $0.45 EPS

UFP Technologies (NASDAQ:UFPT) released its quarterly earnings data on Tuesday. The industrial products company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.45, Zacks reports. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

UFP Technologies Stock Up 6.2 %

Shares of UFPT stock traded up $14.90 during trading on Tuesday, hitting $255.84. 19,407 shares of the company were exchanged, compared to its average volume of 94,626. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 36.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The business’s 50-day simple moving average is $257.78 and its 200 day simple moving average is $291.72. UFP Technologies has a twelve month low of $188.50 and a twelve month high of $366.41.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

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.