News stories about UFP Technologies (NASDAQ:UFPT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. UFP Technologies earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.8783349758168 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of UFP Technologies (NASDAQ UFPT) opened at 26.50 on Wednesday. The stock’s 50 day moving average price is $27.58 and its 200 day moving average price is $26.76. UFP Technologies has a 12 month low of $22.95 and a 12 month high of $29.00. The stock has a market capitalization of $192.58 million, a price-to-earnings ratio of 21.54 and a beta of 0.20.
UFP Technologies (NASDAQ:UFPT) last announced its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $37.89 million for the quarter, compared to the consensus estimate of $40.00 million. UFP Technologies had a return on equity of 6.86% and a net margin of 6.03%. Analysts expect that UFP Technologies will post $1.41 EPS for the current year.
Separately, Zacks Investment Research raised UFP Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, August 29th.
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About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.
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