UFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report)’s share price hit a new 52-week high on Monday after Lake Street Capital raised their price target on the stock from $270.00 to $300.00. Lake Street Capital currently has a buy rating on the stock. UFP Technologies traded as high as $282.46 and last traded at $282.46, with a volume of 23028 shares. The stock had previously closed at $263.87.
Separately, CJS Securities assumed coverage on UFP Technologies in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $255.00 target price on the stock.
Get Our Latest Analysis on UFPT
Institutional Inflows and Outflows
UFP Technologies Stock Up 9.6 %
The firm has a 50-day simple moving average of $251.98 and a 200 day simple moving average of $216.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.87 and a quick ratio of 1.46. The company has a market capitalization of $2.22 billion, a PE ratio of 46.48 and a beta of 0.95.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.66 EPS for the quarter. UFP Technologies had a return on equity of 17.40% and a net margin of 11.75%. The company had revenue of $105.01 million for the quarter.
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.
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