StockNews.com Downgrades UFP Technologies (NASDAQ:UFPT) to Sell

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

UFP Technologies Price Performance

UFPT opened at $268.58 on Thursday. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $270.32 and its 200 day moving average price is $299.08. UFP Technologies has a fifty-two week low of $158.74 and a fifty-two week high of $366.41. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 38.31 and a beta of 1.04.

Insider Buying and Selling

In other UFP Technologies news, VP Jason Holt sold 146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the sale, the vice president now owns 6,721 shares in the company, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now directly owns 4,049 shares in the company, valued at approximately $1,426,462.70. This trade represents a 13.78 % 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. Insiders own 6.17% of the company’s stock.

Institutional Trading of UFP Technologies

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

UFP Technologies Company Profile

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.