StockNews.com upgraded shares of Utah Medical Products (NASDAQ:UTMD – Free Report) from a buy rating to a strong-buy rating in a report released on Wednesday morning.
Utah Medical Products Stock Up 1.1 %
UTMD opened at $64.09 on Wednesday. The firm has a market cap of $223.03 million, a P/E ratio of 15.01 and a beta of 0.08. Utah Medical Products has a 52 week low of $63.38 and a 52 week high of $87.86. The business’s fifty day simple moving average is $66.17 and its 200 day simple moving average is $67.37.
Institutional Trading of Utah Medical Products
A number of large investors have recently made changes to their positions in UTMD. Copeland Capital Management LLC acquired a new stake in shares of Utah Medical Products during the third quarter valued at $53,000. Allspring Global Investments Holdings LLC purchased a new position in Utah Medical Products during the second quarter worth about $83,000. Victory Capital Management Inc. lifted its position in Utah Medical Products by 124.4% during the second quarter. Victory Capital Management Inc. now owns 2,673 shares of the medical instruments supplier’s stock worth $179,000 after buying an additional 1,482 shares during the period. EntryPoint Capital LLC lifted its position in Utah Medical Products by 124.1% during the first quarter. EntryPoint Capital LLC now owns 3,240 shares of the medical instruments supplier’s stock worth $230,000 after buying an additional 1,794 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in Utah Medical Products during the third quarter worth about $304,000. Institutional investors and hedge funds own 69.60% of the company’s stock.
About Utah Medical Products
Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.
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