UFP Technologies (NASDAQ:UFPT) Cut to Sell at StockNews.com

UFP Technologies (NASDAQ:UFPT) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

UFP Technologies Stock Performance

UFPT stock traded up $2.10 during trading hours on Tuesday, reaching $241.92. The stock had a trading volume of 131,825 shares, compared to its average volume of 86,681. The stock has a 50-day simple moving average of $285.25 and a 200 day simple moving average of $301.17. UFP Technologies has a fifty-two week low of $152.43 and a fifty-two week high of $366.41. The stock has a market capitalization of $1.86 billion, a PE ratio of 34.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43.

Insiders Place Their Bets

In other UFP Technologies news, Director Cynthia L. Feldmann sold 647 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $352.30, for a total value of $227,938.10. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at $1,426,462.70. This represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jason Holt sold 146 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total value of $50,032.74. Following the sale, the vice president now owns 6,721 shares of the company’s stock, valued at approximately $2,303,219.49. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock valued at $4,620,154 over the last 90 days. 6.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in shares of UFP Technologies in the third quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UFP Technologies in the 2nd quarter valued at about $36,000. GAMMA Investing LLC grew its position in shares of UFP Technologies by 77.9% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 60 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of UFP Technologies by 67.5% during the second quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 81 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of UFP Technologies in the third quarter valued at approximately $56,000. Institutional investors own 87.28% of the company’s stock.

UFP Technologies Company Profile

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.