UFP Technologies (NASDAQ:UFPT) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $220.69 and traded as high as $252.63. UFP Technologies shares last traded at $251.14, with a volume of 197,973 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UFPT shares. Weiss Ratings reissued a “hold (c)” rating on shares of UFP Technologies in a report on Wednesday, October 8th. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, UFP Technologies currently has a consensus rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Stock Up 1.8%

The business has a 50-day moving average price of $236.29 and a 200-day moving average price of $220.61. The stock has a market cap of $1.94 billion, a PE ratio of 29.10 and a beta of 1.11. The company has a current ratio of 2.41, a quick ratio of 1.36 and a debt-to-equity ratio of 0.37.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Monday, November 3rd. The industrial products company reported $2.39 EPS for the quarter, topping the consensus estimate of $2.22 by $0.17. The company had revenue of $154.56 million during the quarter, compared to analyst estimates of $149.56 million. UFP Technologies had a return on equity of 20.45% and a net margin of 11.23%.UFP Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis.

Insider Buying and Selling at UFP Technologies

In other news, SVP Christopher P. Litterio sold 1,829 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $227.20, for a total transaction of $415,548.80. Following the completion of the transaction, the senior vice president directly owned 10,756 shares in the company, valued at $2,443,763.20. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On UFP Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in UFP Technologies by 290.3% in the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of UFP Technologies by 179.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 111 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of UFP Technologies by 37.6% in the 2nd quarter. GAMMA Investing LLC now owns 183 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 50 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of UFP Technologies in the 2nd quarter valued at about $49,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in UFP Technologies during the 3rd quarter worth approximately $51,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

UFP Technologies Company Profile

UFP Technologies, Inc (NASDAQ: UFPT) is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.