UFP Technologies (UFPT) Earning Favorable Media Coverage, Study Finds
Media coverage about UFP Technologies (NASDAQ:UFPT) has been trending positive this week, according to AlphaOne Sentiment. The research group, a service of Accern, rates the sentiment of press coverage by reviewing more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. UFP Technologies earned a news sentiment score of 0.28 on AlphaOne’s scale. AlphaOne also gave news headlines about the industrial products company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
UFPT has been the topic of several recent analyst reports. TheStreet downgraded shares of UFP Technologies from a “b” rating to a “c+” rating in a research note on Friday, March 24th. Zacks Investment Research raised shares of UFP Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 25th.
Shares of UFP Technologies (NASDAQ:UFPT) traded up 0.77% during mid-day trading on Friday, reaching $26.20. 10,956 shares of the company’s stock traded hands. UFP Technologies has a 52 week low of $20.40 and a 52 week high of $27.50. The firm has a market cap of $189.19 million, a price-to-earnings ratio of 23.82 and a beta of 0.52. The company’s 50 day moving average is $25.23 and its 200-day moving average is $25.28.
UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Thursday, March 2nd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.03. UFP Technologies had a net margin of 5.68% and a return on equity of 6.67%. The business earned $36.51 million during the quarter, compared to analyst estimates of $35.50 million. Equities analysts expect that UFP Technologies will post $1.17 earnings per share for the current fiscal year.
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UFP Technologies Company Profile
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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