UFP Technologies (NASDAQ:UFPT) Stock Crosses Above 200 Day Moving Average of $77.93

UFP Technologies, Inc. (NASDAQ:UFPTGet Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $77.93 and traded as high as $92.05. UFP Technologies shares last traded at $89.65, with a volume of 45,705 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UFPT shares. StockNews.com cut shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Lake Street Capital started coverage on shares of UFP Technologies in a research note on Wednesday, June 22nd. They set a “buy” rating and a $110.00 target price for the company.

UFP Technologies Stock Down 0.8 %

The firm has a market capitalization of $673.20 million, a PE ratio of 32.58 and a beta of 0.70. The business’s 50 day simple moving average is $89.62 and its 200 day simple moving average is $78.09. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling

In related news, SVP Christopher P. Litterio sold 5,500 shares of UFP Technologies stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $95.90, for a total transaction of $527,450.00. Following the completion of the sale, the senior vice president now owns 14,624 shares in the company, valued at approximately $1,402,441.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UFP Technologies

Large investors have recently modified their holdings of the business. Captrust Financial Advisors grew its position in shares of UFP Technologies by 3,322.2% in the 2nd quarter. Captrust Financial Advisors now owns 616 shares of the industrial products company’s stock worth $49,000 after buying an additional 598 shares during the last quarter. State Street Corp grew its position in shares of UFP Technologies by 6.7% in the 2nd quarter. State Street Corp now owns 145,220 shares of the industrial products company’s stock worth $11,555,000 after buying an additional 9,180 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of UFP Technologies in the 2nd quarter worth approximately $210,000. BNP Paribas Arbitrage SA grew its position in shares of UFP Technologies by 92.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,548 shares of the industrial products company’s stock worth $123,000 after buying an additional 745 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of UFP Technologies by 11.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,653 shares of the industrial products company’s stock worth $291,000 after buying an additional 386 shares during the last quarter. Institutional investors own 83.23% of the company’s stock.

UFP Technologies Company Profile

(Get Rating)

UFP Technologies, Inc designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.

Further Reading

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