Utah Medical Products (NASDAQ:UTMD) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Shares of Utah Medical Products (NASDAQ:UTMD) opened at $86.45 on Wednesday. The stock has a market capitalization of $321.51, a PE ratio of 23.49 and a beta of 0.77. Utah Medical Products has a 12-month low of $58.50 and a 12-month high of $94.00.

Utah Medical Products (NASDAQ:UTMD) last issued its quarterly earnings results on Tuesday, January 30th. The medical instruments supplier reported $0.95 earnings per share (EPS) for the quarter. The firm had revenue of $10.20 million during the quarter. Utah Medical Products had a return on equity of 18.92% and a net margin of 20.54%.

Several institutional investors and hedge funds have recently modified their holdings of UTMD. Acadian Asset Management LLC bought a new stake in shares of Utah Medical Products during the 4th quarter valued at about $130,000. SG Americas Securities LLC bought a new stake in shares of Utah Medical Products during the 4th quarter valued at about $189,000. Prudential Financial Inc. bought a new stake in shares of Utah Medical Products during the 2nd quarter valued at about $233,000. The Manufacturers Life Insurance Company boosted its position in shares of Utah Medical Products by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,355 shares of the medical instruments supplier’s stock valued at $242,000 after acquiring an additional 448 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new stake in shares of Utah Medical Products during the 2nd quarter valued at about $267,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

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About Utah Medical Products

Utah Medical Products, Inc (UTMD) is engaged in the business of producing medical devices that are disposable and for hospital use. The Company’s product categories include labor and delivery/obstetrics, including fetal monitoring accessories, Vacuum-Assisted Delivery Systems (VAD), and other labor and delivery tools; neonatal intensive care, including DISPOSA-HOOD, DELTRAN PLUS and GESCO; gynecology/urology/electrosurgery, including LETZ System, FINESSE+ Generator, EPITOME, PATHFINDER PLUS, HOLMIUM LASER FIBRES, LIBERTY System, ENDOCURETTE, TVUS/HSG-Cath and LUMIN, and blood pressure monitoring, including DELTRAN Disposable Pressure Transducer (DPT), and pressure monitoring accessories, components and other molded parts.

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