UFP Technologies (NASDAQ:UFPT) Stock Price Down 4.2% – Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price was down 4.2% during mid-day trading on Wednesday . The company traded as low as $227.20 and last traded at $225.2350. Approximately 109,886 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 132,996 shares. The stock had previously closed at $235.14.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a research report on Wednesday, October 8th. Wall Street Zen lowered UFP Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Zacks Research cut UFP Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $289.00.

UFP Technologies Price Performance

The stock’s 50 day moving average price is $220.07 and its two-hundred day moving average price is $219.34. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 26.07 and a beta of 1.10. The company has a quick ratio of 1.36, a current ratio of 2.41 and a debt-to-equity ratio of 0.37.

UFP Technologies (NASDAQ:UFPT) last issued its earnings results on Thursday, November 9th. The industrial products company reported $1.37 EPS for the quarter. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.The firm had revenue of $96.97 million for the quarter.

Insider Activity at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,829 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $227.20, for a total transaction of $415,548.80. Following the sale, the senior vice president directly owned 10,756 shares in the company, valued at $2,443,763.20. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On UFP Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Capital Management LLC increased its holdings in shares of UFP Technologies by 11.4% during the 2nd quarter. Brown Capital Management LLC now owns 170,811 shares of the industrial products company’s stock worth $41,705,000 after buying an additional 17,493 shares during the last quarter. Ashford Capital Management Inc. acquired a new position in UFP Technologies in the second quarter valued at approximately $17,284,000. Sowell Financial Services LLC purchased a new position in UFP Technologies in the second quarter worth approximately $213,000. Allspring Global Investments Holdings LLC increased its stake in UFP Technologies by 23.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 18,206 shares of the industrial products company’s stock worth $4,445,000 after acquiring an additional 3,475 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in UFP Technologies by 5.8% in the second quarter. Congress Asset Management Co. now owns 327,433 shares of the industrial products company’s stock valued at $79,946,000 after purchasing an additional 18,038 shares during the period. Institutional investors and hedge funds own 87.28% of the company’s stock.

UFP Technologies Company Profile

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.