UFP Technologies (NASDAQ:UFPT) Share Price Passes Above 200-Day Moving Average – Time to Sell?

by · The Markets Daily

UFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $224.09 and traded as high as $243.32. UFP Technologies shares last traded at $242.95, with a volume of 233,669 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UFPT. Wall Street Zen raised shares of UFP Technologies from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of UFP Technologies in a report on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $289.00.

Read Our Latest Stock Analysis on UFPT

UFP Technologies Stock Up 2.8%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.69 and a current ratio of 2.91. The firm has a fifty day moving average price of $221.08 and a 200 day moving average price of $224.59. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 29.49 and a beta of 1.11.

UFP Technologies (NASDAQ:UFPT – Get Free Report) last announced its earnings results on Monday, May 4th. The industrial products company reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.30. UFP Technologies had a return on equity of 18.47% and a net margin of 11.27%.The firm had revenue of $154.20 million for the quarter, compared to analysts’ expectations of $154.78 million. During the same quarter in the prior year, the firm earned $2.47 EPS. UFP Technologies’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts expect that UFP Technologies, Inc. will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling at UFP Technologies

In other UFP Technologies news, Director Cynthia L. Feldmann sold 1,200 shares of UFP Technologies stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $239.29, for a total value of $287,148.00. Following the completion of the sale, the director directly owned 5,476 shares in the company, valued at $1,310,352.04. The trade was a 17.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel C. Croteau sold 2,864 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $221.71, for a total transaction of $634,977.44. Following the completion of the transaction, the director owned 855 shares in the company, valued at $189,562.05. The trade was a 77.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.59% of the company’s stock.

Institutional Trading of UFP Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in UFP Technologies in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC raised its holdings in shares of UFP Technologies by 1,500.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after buying an additional 165 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of UFP Technologies in the second quarter worth about $49,000. Caitong International Asset Management Co. Ltd bought a new position in shares of UFP Technologies in the 3rd quarter valued at $51,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of UFP Technologies by 66.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 94 shares during the last quarter. 87.28% of the stock is owned by institutional investors.

UFP Technologies Company Profile

(Get Free Report)

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.

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