UFP Technologies Inc. (NASDAQ:UFPT) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $25.53 and last traded at $25.18, with a volume of 13,225 shares changing hands. The stock had previously closed at $25.14.

UFPT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded UFP Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. TheStreet upgraded UFP Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 19th.

The firm has a 50-day moving average price of $23.71 and a 200-day moving average price of $22.77. The stock has a market cap of $178.67 million and a PE ratio of 24.12.

UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.19. The firm had revenue of $37.90 million for the quarter, compared to analysts’ expectations of $36.50 million. Analysts expect that UFP Technologies Inc. will post $1.04 earnings per share for the current fiscal year.

In other news, VP Daniel J. Shaw sold 3,600 shares of the firm’s stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $22.00, for a total transaction of $79,200.00. Following the completion of the transaction, the vice president now owns 14,648 shares in the company, valued at $322,256. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

A hedge fund recently raised its stake in UFP Technologies stock. Dimensional Fund Advisors LP boosted its stake in UFP Technologies Inc. (NASDAQ:UFPT) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,311 shares of the company’s stock after buying an additional 9,897 shares during the period. Dimensional Fund Advisors LP owned 0.78% of UFP Technologies worth $1,318,000 as of its most recent SEC filing.

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

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