UFP Technologies (NASDAQ:UFPT) Stock Rating Lowered by 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 note issued to investors on Tuesday.

UFP Technologies Stock Performance

UFP Technologies stock opened at $251.06 on Tuesday. UFP Technologies has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The stock has a market cap of $1.93 billion, a P/E ratio of 35.81 and a beta of 1.04. The firm’s fifty day moving average price is $284.34 and its 200-day moving average price is $301.03.

Insiders Place Their Bets

In related news, VP Jason Holt sold 146 shares of the 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 of the company’s stock, valued at approximately $2,303,219.49. This trade represents a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies 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 completion of the transaction, the director now owns 4,049 shares in the company, valued at approximately $1,426,462.70. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,326 shares of company stock valued at $4,620,154 over the last 90 days. 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. Wasatch Advisors LP lifted its stake in shares of UFP Technologies by 65.4% in the 3rd quarter. Wasatch Advisors LP now owns 420,549 shares of the industrial products company’s stock valued at $133,188,000 after acquiring an additional 166,262 shares during the last quarter. Eagle Asset Management Inc. bought a new stake in UFP Technologies in the third quarter valued at approximately $9,791,000. Franklin Resources Inc. boosted its stake in shares of UFP Technologies by 39.4% during the third quarter. Franklin Resources Inc. now owns 92,053 shares of the industrial products company’s stock valued at $28,904,000 after purchasing an additional 26,001 shares during the period. De Lisle Partners LLP boosted its stake in shares of UFP Technologies by 30.6% during the third quarter. De Lisle Partners LLP now owns 66,573 shares of the industrial products company’s stock valued at $21,070,000 after purchasing an additional 15,603 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of UFP Technologies by 78.8% in 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. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

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.