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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

UFP Technologies Stock Performance

The stock’s 50-day moving average price is $249.97 and its 200-day moving average price is $280.81. The company has a market cap of $1.58 billion, a P/E ratio of 29.42 and a beta of 1.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

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

Insider Buying and Selling

In related news, Director Daniel C. Croteau sold 6,846 shares of the company’s stock in a transaction dated 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 sale, the director now owns 1,785 shares of the company’s stock, valued at $407,711.85. This represents a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UFP Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. AlphaQuest LLC bought a new stake in UFP Technologies during the fourth quarter worth about $25,000. Johnson Financial Group Inc. acquired a new position in UFP Technologies during the fourth quarter worth about $42,000. Truvestments Capital LLC acquired a new position in UFP Technologies during the third quarter worth about $56,000. Venturi Wealth Management LLC acquired a new position in UFP Technologies during the fourth quarter worth about $74,000. Finally, EverSource Wealth Advisors LLC raised its stake in UFP Technologies by 24.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock worth $81,000 after acquiring an additional 66 shares in 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.