UFP Technologies (NASDAQ:UFPT) Sets New 1-Year Low – Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $193.00 and last traded at $199.44, with a volume of 9734 shares. The stock had previously closed at $199.32.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UFPT shares. StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Raymond James initiated coverage on UFP Technologies in a research note on Friday, March 28th. They issued a “market perform” rating for the company.

UFP Technologies Stock Performance

The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.57 billion, a P/E ratio of 29.09 and a beta of 1.15. The business’s 50 day simple moving average is $239.27 and its 200 day simple moving average is $271.96.

UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.01 by $0.45. The firm had revenue of $144.07 million for the quarter, compared to the consensus estimate of $141.67 million. UFP Technologies had a net margin of 11.74% and a return on equity of 18.92%.

Insider Activity

In related news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction that occurred 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 sale, the director now owns 1,785 shares of the company’s stock, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

A number of institutional investors have recently added to or reduced their stakes in UFPT. Wasatch Advisors LP boosted its position in shares of UFP Technologies by 37.1% during the fourth quarter. Wasatch Advisors LP now owns 576,691 shares of the industrial products company’s stock worth $141,007,000 after acquiring an additional 156,142 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in UFP Technologies in the 4th quarter worth $26,395,000. Raymond James Financial Inc. bought a new position in shares of UFP Technologies during the 4th quarter valued at about $16,808,000. Price T Rowe Associates Inc. MD grew its position in shares of UFP Technologies by 55.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 178,411 shares of the industrial products company’s stock valued at $43,625,000 after purchasing an additional 63,899 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of UFP Technologies by 508.8% in the fourth quarter. Royal Bank of Canada now owns 69,145 shares of the industrial products company’s stock worth $16,907,000 after purchasing an additional 57,787 shares during 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.