UFP Technologies (NASDAQ:UFPT) Trading Down 4.3% – Time to Sell?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price fell 4.3% during mid-day trading on Friday . The company traded as low as $205.00 and last traded at $203.26. 78,600 shares traded hands during trading, a decline of 2% from the average session volume of 80,440 shares. The stock had previously closed at $212.33.

Wall Street Analysts Forecast Growth

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

UFP Technologies Trading Down 4.8 %

The company has a market cap of $1.55 billion, a PE ratio of 28.85 and a beta of 1.08. The stock has a 50 day moving average price of $209.15 and a 200 day moving average price of $253.62. 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 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 business had revenue of $144.07 million during the quarter, compared to analyst estimates of $141.67 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

Insider Buying and Selling

In other news, Director Daniel C. Croteau sold 6,846 shares of UFP Technologies stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total transaction of $1,563,694.86. Following the completion of the transaction, the director now directly owns 1,785 shares in the company, valued at approximately $407,711.85. This trade represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UFPT. Barclays PLC grew its stake in shares of UFP Technologies by 390.6% in the third quarter. Barclays PLC now owns 12,937 shares of the industrial products company’s stock worth $4,098,000 after acquiring an additional 10,300 shares during the last quarter. World Investment Advisors LLC bought a new stake in UFP Technologies during the 3rd quarter valued at about $792,000. Tidal Investments LLC raised its holdings in UFP Technologies by 28.4% in the third quarter. Tidal Investments LLC now owns 3,578 shares of the industrial products company’s stock worth $1,133,000 after buying an additional 792 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of UFP Technologies by 39.4% in the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock worth $28,904,000 after buying an additional 26,001 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of UFP Technologies by 340.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 39,304 shares of the industrial products company’s stock valued at $9,610,000 after buying an additional 30,372 shares during the last quarter. 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.