UFP Technologies (NASDAQ:UFPT – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.
UFP Technologies Stock Up 2.9 %
UFPT stock opened at $262.19 on Wednesday. UFP Technologies has a 52 week low of $152.43 and a 52 week high of $366.41. The company has a current ratio of 2.57, a quick ratio of 1.43 and a debt-to-equity ratio of 0.64. The company has a market cap of $2.01 billion, a P/E ratio of 37.40 and a beta of 1.04. The company’s 50-day moving average price is $277.20 and its 200 day moving average price is $300.04.
Insider Buying and Selling
In other UFP Technologies news, CEO R Jeffrey Bailly sold 12,533 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total value of $4,342,183.18. Following the sale, the chief executive officer now owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock worth $4,620,154 in the last quarter. Company insiders own 6.17% of the company’s stock.
Institutional Trading of UFP Technologies
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.
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