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

StockNews.com cut shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research report report published on Monday.

UFP Technologies Stock Down 4.5 %

UFP Technologies stock opened at $241.88 on Monday. The firm has a market capitalization of $1.86 billion, a P/E ratio of 34.50 and a beta of 0.99. The company has a 50-day simple moving average of $298.98 and a 200-day simple moving average of $301.87. UFP Technologies has a one year low of $152.43 and a one year high of $366.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57.

Insider Activity

In other news, CEO R Jeffrey Bailly sold 12,533 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $346.46, for a total transaction of $4,342,183.18. Following the transaction, the chief executive officer now directly owns 31,194 shares of the company’s stock, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the sale, the director now directly owns 4,049 shares in the company, 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. Over the last 90 days, insiders have sold 13,326 shares of company stock valued at $4,620,154. Insiders own 6.17% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new stake in shares of UFP Technologies in the third quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of UFP Technologies during the second quarter valued at approximately $36,000. GAMMA Investing LLC raised its stake in shares of UFP Technologies by 77.9% in the 3rd 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 in the last quarter. Truvestments Capital LLC bought a new position in shares of UFP Technologies during the 3rd quarter worth approximately $56,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of UFP Technologies by 67.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 201 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other 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.