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

UFP Technologies (NASDAQ:UFPT) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

UFP Technologies Price Performance

Shares of UFPT stock opened at $253.40 on Monday. The company has a market capitalization of $1.94 billion, a PE ratio of 34.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.57 and a quick ratio of 1.43. The firm’s 50-day moving average is $299.71 and its two-hundred day moving average is $301.92. UFP Technologies has a 12 month low of $152.43 and a 12 month high of $366.41.

Insider Transactions at UFP Technologies

In related news, CEO R Jeffrey Bailly sold 12,533 shares of UFP Technologies stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 31,194 shares in the company, valued at approximately $10,807,473.24. This trade represents a 28.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cynthia L. Feldmann sold 647 shares of the company’s stock in a transaction 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 transaction, the director now owns 4,049 shares in the company, valued at $1,426,462.70. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,326 shares of company stock worth $4,620,154. 6.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of UFP Technologies during the third quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in UFP Technologies in the 2nd quarter valued at $36,000. GAMMA Investing LLC boosted its stake in 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 during the period. EverSource Wealth Advisors LLC grew its position in UFP Technologies by 67.5% during the 2nd 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 last quarter. Finally, Truvestments Capital LLC acquired a new position in UFP Technologies in the third quarter valued at $56,000. Institutional investors and hedge funds 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.