UFP Technologies (NASDAQ:UFPT) Shares Down 6% – Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT) shares traded down 6% on Thursday . The stock traded as low as $272.67 and last traded at $277.95. 18,026 shares changed hands during trading, a decline of 70% from the average session volume of 60,892 shares. The stock had previously closed at $295.60.

UFP Technologies Stock Performance

The stock’s fifty day simple moving average is $300.47 and its 200-day simple moving average is $301.45. The company has a quick ratio of 1.43, a current ratio of 2.57 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $1.98 billion, a PE ratio of 36.89 and a beta of 0.99.

Insider Buying and Selling

In related news, CEO R Jeffrey Bailly sold 12,533 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $346.46, for a total value of $4,342,183.18. Following the sale, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This represents a 28.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cynthia L. Feldmann sold 647 shares of UFP Technologies stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total transaction of $227,938.10. Following the transaction, the director now owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. The trade was a 13.78 % 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 worth $4,620,154 in the last quarter. Company insiders own 6.17% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

Hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new position in UFP Technologies in the 3rd quarter valued at about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of UFP Technologies in the second quarter valued at approximately $36,000. GAMMA Investing LLC lifted its stake in shares of UFP Technologies by 77.9% during the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock valued at $43,000 after buying an additional 60 shares during the period. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 81 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in UFP Technologies in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

About UFP Technologies

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.