UFP Technologies (NASDAQ:UFPT) Trading Down 5.1% – Time to Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) dropped 5.1% during mid-day trading on Monday . The company traded as low as $306.53 and last traded at $306.53. Approximately 36,738 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 61,341 shares. The stock had previously closed at $322.92.

UFP Technologies Trading Down 5.6 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The stock’s 50-day moving average is $306.26 and its two-hundred day moving average is $299.89. The stock has a market cap of $2.34 billion, a P/E ratio of 46.07 and a beta of 0.96.

Insider Transactions at UFP Technologies

In other UFP Technologies news, VP Jason Holt sold 146 shares of UFP Technologies stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the completion of the sale, the vice president now directly owns 6,721 shares in the company, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UFP Technologies

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in UFP Technologies by 1,614.3% in the first quarter. EverSource Wealth Advisors LLC now owns 120 shares of the industrial products company’s stock valued at $30,000 after buying an additional 113 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in UFP Technologies during the third quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in UFP Technologies during the second quarter worth about $36,000. GAMMA Investing LLC increased its stake in UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in UFP Technologies during the third quarter worth about $56,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

About UFP Technologies

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.