UFP Technologies (NASDAQ:UFPT) Stock Rating Upgraded by StockNews.com

UFP Technologies (NASDAQ:UFPT) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

UFP Technologies Trading Down 0.2 %

Shares of NASDAQ:UFPT opened at $252.43 on Tuesday. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. UFP Technologies has a 12-month low of $152.43 and a 12-month high of $366.41. The business has a 50 day moving average of $294.45 and a two-hundred day moving average of $301.65. The company has a market capitalization of $1.94 billion, a PE ratio of 36.01 and a beta of 0.99.

Insider Buying and Selling

In related 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 value of $50,032.74. Following the completion of the sale, the vice president now owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. The trade was a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,326 shares of company stock valued at $4,620,154. Corporate insiders own 6.17% of the company’s stock.

Institutional Trading of UFP Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new stake in shares of UFP Technologies during the third quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of UFP Technologies during the second quarter worth $36,000. GAMMA Investing LLC raised 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 valued at $43,000 after buying an additional 60 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of UFP Technologies by 67.5% in the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $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 third quarter worth about $56,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

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.