Shares of UFP Technologies, Inc. (NASDAQ:UFPT – Get Free Report) hit a new 52-week high during mid-day trading on Monday after Lake Street Capital raised their price target on the stock from $270.00 to $300.00. Lake Street Capital currently has a buy rating on the stock. UFP Technologies traded as high as $282.46 and last traded at $282.46, with a volume of 23028 shares. The stock had previously closed at $263.87.
Separately, CJS Securities initiated coverage on UFP Technologies in a research report on Wednesday, March 20th. They set an “outperform” rating and a $255.00 target price on the stock.
Read Our Latest Stock Report on UFP Technologies
Institutional Trading of UFP Technologies
UFP Technologies Trading Up 9.6 %
The company has a 50 day simple moving average of $251.98 and a two-hundred day simple moving average of $216.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.46 and a current ratio of 2.87. The firm has a market cap of $2.22 billion, a PE ratio of 46.48 and a beta of 0.95.
UFP Technologies (NASDAQ:UFPT – Get Free Report) last released its earnings results on Wednesday, May 1st. The industrial products company reported $1.66 EPS for the quarter. UFP Technologies had a return on equity of 17.40% and a net margin of 11.75%. The firm had revenue of $105.01 million during the quarter.
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.
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