UFP Technologies (NASDAQ:UFPT) Rating Lowered to Sell at StockNews.com

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

UFP Technologies Price Performance

NASDAQ UFPT traded down $11.64 during trading on Monday, hitting $246.98. 132,862 shares of the stock traded hands, compared to its average volume of 62,026. The firm has a 50-day simple moving average of $300.47 and a 200-day simple moving average of $302.02. UFP Technologies has a 12-month low of $152.43 and a 12-month high of $366.41. The company has a market capitalization of $1.90 billion, a P/E ratio of 35.23 and a beta of 0.99. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64.

Insider Activity at UFP Technologies

In related news, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the sale, the director now directly owns 4,049 shares in the company, valued at $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the vice president now owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders 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

Institutional investors have recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its stake in shares of UFP Technologies by 65.4% during the third quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after buying an additional 166,262 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in UFP Technologies during the 3rd quarter valued at $9,791,000. Franklin Resources Inc. grew its position in UFP Technologies by 39.4% in the 3rd quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after acquiring an additional 26,001 shares during the last quarter. De Lisle Partners LLP increased its stake in UFP Technologies by 30.6% in the third quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock worth $21,070,000 after purchasing an additional 15,603 shares during the period. Finally, Millennium Management LLC lifted its position in shares of UFP Technologies by 78.8% during the second quarter. Millennium Management LLC now owns 26,706 shares of the industrial products company’s stock worth $7,047,000 after purchasing an additional 11,767 shares during the last quarter. Institutional investors own 87.28% of the company’s stock.

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.