UFP Technologies (NASDAQ:UFPT) Sets New 12-Month Low – Time to Sell?

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) hit a new 52-week low on Monday . The company traded as low as $193.00 and last traded at $199.44, with a volume of 9734 shares changing hands. The stock had previously closed at $199.32.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James started coverage on UFP Technologies in a research note on Friday. They issued a “market perform” rating on the stock. StockNews.com downgraded UFP Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd.

UFP Technologies Trading Down 0.3 %

The business’s 50 day simple moving average is $241.95 and its two-hundred day simple moving average is $273.47. The stock has a market cap of $1.53 billion, a P/E ratio of 28.35 and a beta of 1.15. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.45. The business had revenue of $144.07 million for 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 Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the business’s 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 sale, the director now directly owns 1,785 shares of the company’s stock, valued at $407,711.85. The trade was a 79.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.17% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UFP Technologies

Large investors have recently modified their holdings of the business. California State Teachers Retirement System increased its holdings in UFP Technologies by 3.7% in the fourth quarter. California State Teachers Retirement System now owns 7,143 shares of the industrial products company’s stock valued at $1,747,000 after purchasing an additional 252 shares during the period. Park Square Financial Group LLC bought a new stake in shares of UFP Technologies in the 4th quarter valued at about $107,000. Public Employees Retirement System of Ohio increased its stake in shares of UFP Technologies by 28.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 20,790 shares of the industrial products company’s stock valued at $5,083,000 after buying an additional 4,572 shares during the period. Palisades Investment Partners LLC lifted its stake in shares of UFP Technologies by 9.2% in the fourth quarter. Palisades Investment Partners LLC now owns 34,927 shares of the industrial products company’s stock worth $8,540,000 after acquiring an additional 2,945 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in UFP Technologies by 1.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,529 shares of the industrial products company’s stock valued at $2,819,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

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.