UFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report) Director Symeria Hudson sold 1,926 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $324.58, for a total value of $625,141.08. Following the sale, the director directly owned 1,225 shares in the company, valued at $397,610.50. This trade represents a 61.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
UFP Technologies Stock Down 0.1%
Shares of NASDAQ UFPT opened at $321.31 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 3.00 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.49 billion, a P/E ratio of 34.62 and a beta of 1.08. UFP Technologies, Inc. has a 52 week low of $173.86 and a 52 week high of $338.71. The business has a 50-day simple moving average of $262.32 and a two-hundred day simple moving average of $232.74.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%.The firm had revenue of $173.96 million for the quarter, compared to analysts’ expectations of $159.38 million. Research analysts anticipate that UFP Technologies, Inc. will post 10.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On UFP Technologies
Wall Street Analysts Forecast Growth
Several research firms have issued reports on UFPT. Wall Street Zen upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, UFP Technologies currently has a consensus rating of “Hold”.
Check Out Our Latest Analysis on UFPT
About UFP Technologies
UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.
Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.
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