UFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report) Director Marc Kozin sold 7,000 shares of UFP Technologies stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total value of $2,131,500.00. Following the transaction, the director directly owned 21,112 shares in the company, valued at approximately $6,428,604. This trade represents a 24.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
UFP Technologies Stock Down 1.5%
Shares of UFPT traded down $4.62 during trading hours on Thursday, reaching $299.95. The company’s stock had a trading volume of 102,272 shares, compared to its average volume of 200,346. The company has a 50 day moving average of $272.80 and a two-hundred day moving average of $235.51. 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 firm has a market cap of $2.32 billion, a price-to-earnings ratio of 32.32 and a beta of 1.08. UFP Technologies, Inc. has a 1-year low of $173.86 and a 1-year high of $338.71.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $2.92 EPS for the quarter, topping the consensus estimate of $2.31 by $0.61. The business had revenue of $173.96 million during the quarter, compared to analysts’ expectations of $159.38 million. UFP Technologies had a net margin of 11.45% and a return on equity of 18.42%. As a group, research analysts predict that UFP Technologies, Inc. will post 10.54 EPS for the current fiscal year.
Hedge Funds Weigh In On UFP Technologies
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of UFP Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded UFP Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on UFP Technologies
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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