UFP Technologies (NASDAQ:UFPT) Shares Gap Down – Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) gapped down before the market opened on Friday . The stock had previously closed at $274.00, but opened at $267.00. UFP Technologies shares last traded at $267.00, with a volume of 1,667 shares traded.

Analyst Ratings Changes

Separately, Lake Street Capital boosted their target price on shares of UFP Technologies from $344.00 to $392.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th.

UFP Technologies Trading Up 2.1 %

The company has a quick ratio of 1.63, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $311.03 and its 200-day moving average is $288.27. The firm has a market cap of $2.09 billion, a P/E ratio of 42.47 and a beta of 0.96.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $1.86 earnings per share (EPS) for the quarter. The business had revenue of $110.18 million during the quarter. UFP Technologies had a net margin of 11.87% and a return on equity of 17.53%.

Insider Buying and Selling

In related news, CEO R Jeffrey Bailly sold 10,887 shares of UFP Technologies stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total value of $3,379,978.02. Following the completion of the sale, the chief executive officer now owns 143,970 shares in the company, valued at approximately $44,696,926.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other UFP Technologies news, CFO Ronald J. Lataille sold 4,798 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $330.44, for a total transaction of $1,585,451.12. Following the completion of the sale, the chief financial officer now owns 41,332 shares in the company, valued at $13,657,746.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO R Jeffrey Bailly sold 10,887 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $310.46, for a total transaction of $3,379,978.02. Following the sale, the chief executive officer now owns 143,970 shares of the company’s stock, valued at approximately $44,696,926.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,536 shares of company stock worth $20,983,894. Insiders own 6.17% of the company’s stock.

Institutional Trading of UFP Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in UFP Technologies by 5.2% during the fourth quarter. Vanguard Group Inc. now owns 533,800 shares of the industrial products company’s stock valued at $91,835,000 after purchasing an additional 26,269 shares during the last quarter. Congress Asset Management Co. grew its position in shares of UFP Technologies by 0.4% during the third quarter. Congress Asset Management Co. now owns 246,303 shares of the industrial products company’s stock worth $78,004,000 after acquiring an additional 986 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of UFP Technologies by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 105,118 shares of the industrial products company’s stock worth $27,737,000 after acquiring an additional 2,699 shares during the last quarter. Swedbank AB bought a new position in shares of UFP Technologies during the first quarter worth about $25,220,000. Finally, Mountain Pacific Investment Advisers LLC grew its position in shares of UFP Technologies by 0.3% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 92,976 shares of the industrial products company’s stock worth $29,445,000 after acquiring an additional 238 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.