UFP Technologies (NASDAQ:UFPT) Sets New 52-Week Low – Here’s What Happened

UFP Technologies, Inc. (NASDAQ:UFPT) hit a new 52-week low during trading on Friday . The stock traded as low as $199.86 and last traded at $202.16, with a volume of 35153 shares trading hands. The stock had previously closed at $212.62.

Analyst Upgrades and Downgrades

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

UFP Technologies Price Performance

The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $247.78 and its two-hundred day simple moving average is $278.95. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 28.63 and a beta of 1.15.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%. The business had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million.

Insider Activity at UFP Technologies

In related news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the completion of the sale, the director now owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.17% of the stock is currently owned by insiders.

Institutional Trading of UFP Technologies

Several hedge funds have recently made changes to their positions in the business. Arete Wealth Advisors LLC raised its holdings in UFP Technologies by 5.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 49 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in UFP Technologies by 1.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock valued at $1,041,000 after acquiring an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in UFP Technologies by 24.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 66 shares in the last quarter. Anchor Capital Advisors LLC raised its holdings in UFP Technologies by 1.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock valued at $1,108,000 after acquiring an additional 69 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in UFP Technologies by 1.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company’s stock valued at $1,435,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

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.