UFP Technologies (NASDAQ:UFPT) Downgraded by StockNews.com

StockNews.com lowered shares of UFP Technologies (NASDAQ:UFPTFree Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

Separately, KeyCorp began coverage on shares of UFP Technologies in a report on Tuesday, February 6th. They issued a sector weight rating for the company.

Read Our Latest Analysis on UFP Technologies

UFP Technologies Trading Up 1.2 %

Shares of UFP Technologies stock opened at $176.78 on Friday. The company has a fifty day simple moving average of $170.62 and a 200-day simple moving average of $165.83. UFP Technologies has a 12-month low of $103.64 and a 12-month high of $205.08. The company has a current ratio of 2.48, a quick ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 32.21 and a beta of 0.77.

Insider Buying and Selling

In related news, CEO R Jeffrey Bailly sold 2,775 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $173.06, for a total transaction of $480,241.50. Following the completion of the sale, the chief executive officer now owns 72,170 shares in the company, valued at approximately $12,489,740.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 24,325 shares of company stock worth $4,368,737 in the last 90 days. Company insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

A number of large investors have recently bought and sold shares of UFPT. BlackRock Inc. raised its position in UFP Technologies by 131.0% during the 2nd quarter. BlackRock Inc. now owns 1,069,252 shares of the industrial products company’s stock worth $207,274,000 after buying an additional 606,378 shares during the last quarter. Neuberger Berman Group LLC raised its position in UFP Technologies by 94.1% during the 1st quarter. Neuberger Berman Group LLC now owns 451,794 shares of the industrial products company’s stock worth $29,895,000 after buying an additional 219,009 shares during the last quarter. State Street Corp raised its position in UFP Technologies by 42.0% during the 2nd quarter. State Street Corp now owns 296,655 shares of the industrial products company’s stock worth $57,507,000 after buying an additional 87,756 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID purchased a new position in UFP Technologies during the 3rd quarter worth $7,781,000. Finally, Morgan Stanley raised its position in UFP Technologies by 91.6% during the 4th quarter. Morgan Stanley now owns 87,823 shares of the industrial products company’s stock worth $10,353,000 after buying an additional 41,990 shares during the last quarter. Hedge funds and other institutional investors own 84.57% of the company’s stock.

About UFP Technologies

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UFP Technologies, Inc designs, engineers, 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 orthopedic implants, orthopedic appliances, 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.

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