A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of UFP Technologies from a buy rating to a hold rating in a research note on Saturday, May 9th. ValuEngine upgraded shares of UFP Technologies from a sell rating to a hold rating in a research note on Monday, March 30th.
Shares of NASDAQ UFPT opened at $44.28 on Tuesday. The firm has a market cap of $329.24 million, a PE ratio of 16.65 and a beta of 0.79. The company has a current ratio of 3.42, a quick ratio of 2.26 and a debt-to-equity ratio of 0.01. UFP Technologies has a 1-year low of $30.80 and a 1-year high of $52.59. The company has a fifty day moving average price of $43.98 and a 200 day moving average price of $44.84.
UFP Technologies (NASDAQ:UFPT) last announced its earnings results on Tuesday, May 5th. The industrial products company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.02). The company had revenue of $48.28 million during the quarter, compared to analyst estimates of $49.00 million. UFP Technologies had a return on equity of 12.56% and a net margin of 9.99%. Equities research analysts forecast that UFP Technologies will post 1.52 EPS for the current year.
Several hedge funds have recently modified their holdings of UFPT. Royal Bank of Canada raised its holdings in UFP Technologies by 1.3% in the 1st quarter. Royal Bank of Canada now owns 48,502 shares of the industrial products company’s stock valued at $1,848,000 after acquiring an additional 628 shares during the period. Sawgrass Asset Management LLC raised its holdings in UFP Technologies by 39.6% in the 1st quarter. Sawgrass Asset Management LLC now owns 5,935 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 1,685 shares during the period. Invesco Ltd. bought a new position in shares of UFP Technologies during the first quarter worth approximately $810,000. Two Sigma Advisers LP increased its holdings in shares of UFP Technologies by 13.8% during the first quarter. Two Sigma Advisers LP now owns 17,361 shares of the industrial products company’s stock worth $661,000 after purchasing an additional 2,100 shares during the period. Finally, Thrivent Financial for Lutherans bought a new position in shares of UFP Technologies during the first quarter worth approximately $10,898,000. 77.89% of the stock is currently owned by institutional investors.
About UFP Technologies
UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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