UFP Technologies (NASDAQ:UFPT) Stock Price Down 5.2% – What’s Next?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price traded down 5.2% during trading on Thursday . The stock traded as low as $205.01 and last traded at $208.17. 35,742 shares changed hands during trading, a decline of 73% from the average session volume of 131,000 shares. The stock had previously closed at $219.66.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UFPT shares. Wall Street Zen downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Lake Street Capital raised their price target on shares of UFP Technologies from $252.00 to $289.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of UFP Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $289.00.

UFP Technologies Stock Down 2.1%

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.41 and a quick ratio of 1.36. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 24.91 and a beta of 1.10. The firm’s fifty day moving average is $209.40 and its 200-day moving average is $221.00.

UFP Technologies (NASDAQ:UFPT) last released its earnings results on Thursday, November 9th. The industrial products company reported $1.37 earnings per share for the quarter. The company had revenue of $96.97 million during the quarter. UFP Technologies had a net margin of 11.23% and a return on equity of 20.45%.

Insider Transactions at UFP Technologies

In other UFP Technologies news, SVP Christopher P. Litterio sold 1,829 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $227.20, for a total transaction of $415,548.80. Following the transaction, the senior vice president owned 10,756 shares of the company’s stock, valued at $2,443,763.20. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is owned by insiders.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors and hedge funds have recently made changes to their positions in UFPT. Avantax Advisory Services Inc. boosted its holdings in UFP Technologies by 78.2% in the first quarter. Avantax Advisory Services Inc. now owns 1,536 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 674 shares during the period. Cetera Investment Advisers lifted its position in shares of UFP Technologies by 240.5% in the 1st quarter. Cetera Investment Advisers now owns 4,737 shares of the industrial products company’s stock worth $956,000 after buying an additional 3,346 shares during the last quarter. LPL Financial LLC lifted its position in shares of UFP Technologies by 54.6% in the 1st quarter. LPL Financial LLC now owns 14,150 shares of the industrial products company’s stock worth $2,824,000 after buying an additional 4,999 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of UFP Technologies in the 1st quarter valued at about $464,000. Finally, Townsquare Capital LLC grew its position in shares of UFP Technologies by 5.2% during the 1st quarter. Townsquare Capital LLC now owns 24,610 shares of the industrial products company’s stock valued at $4,964,000 after buying an additional 1,223 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

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.