UFP Technologies (NASDAQ:UFPT) Stock Price Down 5.5% – What’s Next?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price dropped 5.5% on Wednesday . The stock traded as low as $252.66 and last traded at $249.13. Approximately 43,461 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 98,340 shares. The stock had previously closed at $263.52.

Wall Street Analysts Forecast Growth

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

UFP Technologies Stock Down 11.1 %

The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 33.39 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The firm has a 50-day moving average price of $257.99 and a two-hundred day moving average price of $291.40.

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

Institutional Trading of UFP Technologies

Several large investors have recently modified their holdings of UFPT. Arete Wealth Advisors LLC lifted its stake in shares of UFP Technologies by 5.4% during the fourth quarter. Arete Wealth Advisors LLC now owns 958 shares of the industrial products company’s stock valued at $233,000 after buying an additional 49 shares during the period. Illinois Municipal Retirement Fund grew its holdings in UFP Technologies by 1.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 4,256 shares of the industrial products company’s stock valued at $1,041,000 after buying an additional 52 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of UFP Technologies by 24.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the industrial products company’s stock valued at $81,000 after acquiring an additional 66 shares during the last quarter. Anchor Capital Advisors LLC lifted its holdings in shares of UFP Technologies by 1.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 4,532 shares of the industrial products company’s stock worth $1,108,000 after acquiring an additional 69 shares during the period. Finally, Los Angeles Capital Management LLC boosted its position in shares of UFP Technologies by 1.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 5,870 shares of the industrial products company’s stock worth $1,435,000 after acquiring an additional 70 shares during the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

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.