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

UFP Technologies, Inc. (NASDAQ:UFPT)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $178.26 and last traded at $179.00, with a volume of 5965 shares trading hands. The stock had previously closed at $186.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. StockNews.com lowered UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Raymond James began coverage on shares of UFP Technologies in a report on Friday, March 28th. They set a “market perform” rating for the company.

UFP Technologies Trading Up 5.8 %

The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 28.53 and a beta of 1.08. 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 company has a 50-day moving average price of $235.04 and a 200-day moving average price of $269.13.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share 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 company had revenue of $144.07 million for the quarter, compared to analysts’ expectations of $141.67 million.

Insiders Place Their Bets

In related news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction on 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 in the company, valued at $407,711.85. This represents a 79.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.17% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arete Wealth Advisors LLC lifted its stake in shares of UFP Technologies by 5.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 49 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in UFP Technologies by 1.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock valued at $1,041,000 after purchasing an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of UFP Technologies by 24.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 66 shares in the last quarter. Anchor Capital Advisors LLC boosted its holdings in UFP Technologies by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock worth $1,108,000 after buying an additional 69 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased 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 buying an additional 70 shares in the last quarter. 87.28% of the stock is owned by hedge funds and other institutional investors.

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.