UFP Technologies (NASDAQ:UFPT) Cut to “Sell” at StockNews.com

UFP Technologies (NASDAQ:UFPT) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

UFP Technologies Stock Up 2.6 %

UFP Technologies stock opened at $253.40 on Monday. UFP Technologies has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 34.91 and a beta of 0.99. The stock’s fifty day moving average is $299.71 and its two-hundred day moving average is $301.92. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

Insider Activity at UFP Technologies

In other news, VP Jason Holt sold 146 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total transaction of $50,032.74. Following the completion of the sale, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. The trade was a 2.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO R Jeffrey Bailly sold 12,533 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value of $4,342,183.18. Following the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,326 shares of company stock valued at $4,620,154. 6.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UFP Technologies

Several institutional investors have recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new position in shares of UFP Technologies during the 3rd quarter valued at $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of UFP Technologies in the second quarter worth about $36,000. GAMMA Investing LLC boosted its position in shares of UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after buying an additional 60 shares during the period. Truvestments Capital LLC acquired a new stake in shares of UFP Technologies in the third quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC lifted its position in UFP Technologies by 67.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 81 shares in the last quarter. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

About UFP Technologies

UFP Technologies, Inc designs and manufactures solutions for medical devices, sterile packaging, and other highly engineered custom products. The company offers protective drapes for robotic surgery, single patient use surfaces, advanced wound care, infection prevention, disposables for surgical and endoscopic procedures, packaging for medical devices, orthopedic implants, biopharma drug manufacturing, and coils for catheters; and molded components for applications in acoustic insulation, interior trim, load floors, sunshades, SUV cargo cover handles, driveshaft damping, engine and manifold covers, quarter panels, and wheel liners.