UFP Technologies (NASDAQ:UFPT) Trading Down 6.2% – What’s Next?

UFP Technologies, Inc. (NASDAQ:UFPT) shares fell 6.2% on Tuesday . The stock traded as low as $206.43 and last traded at $202.84. 18,038 shares were traded during trading, a decline of 76% from the average session volume of 74,181 shares. The stock had previously closed at $216.30.

Wall Street Analyst Weigh In

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 Stock Down 4.7 %

The company has a market capitalization of $1.58 billion, a P/E ratio of 29.42 and a beta of 1.15. The firm’s 50 day moving average price is $249.97 and its two-hundred day moving average price is $280.81. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $141.67 million.

Insider Activity at UFP Technologies

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $228.41, for a total transaction 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 $407,711.85. This trade represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On UFP Technologies

Hedge funds have recently added to or reduced their stakes in the business. AlphaQuest LLC acquired a new stake in UFP Technologies during the 4th quarter valued at $25,000. Johnson Financial Group Inc. acquired a new stake in UFP Technologies during the 4th quarter valued at $42,000. Truvestments Capital LLC acquired a new stake in UFP Technologies during the 3rd quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in UFP Technologies by 97.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 270 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 133 shares during the last quarter. Finally, KBC Group NV lifted its holdings in UFP Technologies by 42.4% during the 3rd quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 81 shares during 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.