UFP Technologies (NASDAQ:UFPT) Raised to “Hold” at StockNews.com

UFP Technologies (NASDAQ:UFPT) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

UFP Technologies Stock Performance

Shares of UFPT stock opened at $252.00 on Tuesday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 35.95 and a beta of 0.99. UFP Technologies has a 52-week low of $152.43 and a 52-week high of $366.41. 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 company’s 50 day moving average is $293.26 and its 200 day moving average is $301.68.

Insider Transactions at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction on Friday, November 8th. The stock was 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 represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the completion of the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at $10,807,473.24. The trade was a 28.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,326 shares of company stock valued at $4,620,154. Corporate insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors have recently added to or reduced their stakes in UFPT. Northwest Investment Counselors LLC acquired a new stake in UFP Technologies in the 3rd quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of UFP Technologies during the second quarter worth $36,000. GAMMA Investing LLC grew its holdings in shares of UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after buying an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of UFP Technologies by 67.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 81 shares during the period. Finally, Truvestments Capital LLC purchased a new position in UFP Technologies in the 3rd quarter worth $56,000. 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.