UFP Technologies (NASDAQ:UFPT) Trading Down 9.6% – Should You Sell?

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) fell 9.6% during mid-day trading on Thursday . The stock traded as low as $213.91 and last traded at $217.0340. 253,596 shares changed hands during trading, an increase of 34% from the average session volume of 188,982 shares. The stock had previously closed at $240.16.

Analyst Ratings Changes

Several research firms recently weighed in on UFPT. Zacks Research upgraded UFP Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $289.00.

UFP Technologies Stock Down 2.4%

The company has a debt-to-equity ratio of 0.29, a current ratio of 2.68 and a quick ratio of 1.36. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 23.98 and a beta of 1.11. The firm’s 50-day moving average price is $246.47 and its 200-day moving average price is $223.09.

UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings data on Tuesday, February 24th. The industrial products company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.26 by $0.18. UFP Technologies had a return on equity of 19.36% and a net margin of 11.33%.The company had revenue of $148.92 million for the quarter, compared to analyst estimates of $149.07 million. During the same period last year, the company posted $2.10 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year.

Institutional Investors Weigh In On UFP Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of UFP Technologies during the fourth quarter worth $28,000. Nisa Investment Advisors LLC raised its stake in UFP Technologies by 290.3% during the second quarter. Nisa Investment Advisors LLC now owns 121 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 90 shares during the period. Smartleaf Asset Management LLC lifted its holdings in UFP Technologies by 1,500.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 165 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in UFP Technologies by 179.0% in the second quarter. PNC Financial Services Group Inc. now owns 173 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 111 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of UFP Technologies during the second quarter valued at approximately $49,000. 87.28% of the stock is 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.