UFP Technologies (NASDAQ:UFPT) Lifted to Hold at StockNews.com – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
UFP Technologies (NASDAQ:UFPT – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.
Separately, Colliers Securities reaffirmed a “buy” rating on shares of UFP Technologies in a research note on Tuesday, March 22nd.
Shares of UFP Technologies stock traded up $5.29 during mid-day trading on Friday, reaching $81.34. 40,947 shares of the stock were exchanged, compared to its average volume of 23,919. UFP Technologies has a fifty-two week low of $55.37 and a fifty-two week high of $81.77. The firm has a 50-day simple moving average of $72.69 and a 200 day simple moving average of $70.14. The company has a current ratio of 2.54, a quick ratio of 1.42 and a debt-to-equity ratio of 0.46. The company has a market cap of $615.09 million, a price-to-earnings ratio of 37.31 and a beta of 0.88.
UFP Technologies (NASDAQ:UFPT – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.64 EPS for the quarter. UFP Technologies had a net margin of 7.24% and a return on equity of 8.72%. The firm had revenue of $71.24 million for the quarter.
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%!

When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Summit Global Investments boosted its position in UFP Technologies by 7.8% during the fourth quarter. Summit Global Investments now owns 6,900 shares of the industrial products company’s stock worth $485,000 after purchasing an additional 500 shares during the period. Janney Montgomery Scott LLC bought a new position in UFP Technologies during the fourth quarter worth $230,000. Allspring Global Investments Holdings LLC bought a new position in UFP Technologies during the fourth quarter worth $6,136,000. Ranger Investment Management L.P. boosted its position in UFP Technologies by 41.2% during the fourth quarter. Ranger Investment Management L.P. now owns 88,699 shares of the industrial products company’s stock worth $6,232,000 after purchasing an additional 25,882 shares during the period. Finally, Acadian Asset Management LLC boosted its position in UFP Technologies by 11.4% during the fourth quarter. Acadian Asset Management LLC now owns 21,974 shares of the industrial products company’s stock worth $1,541,000 after purchasing an additional 2,250 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.
UFP Technologies Company Profile (Get Rating)
UFP Technologies, Inc designs and custom manufactures components, subassemblies, products, and packaging utilizing specialized foams, films, and plastics primarily for the medical market. Its single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.
Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider UFP Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and UFP Technologies wasn’t on the list.
While UFP Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here

Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Kate chats with financial advisor and asset manager Marc Scudillo, who discusses some psychological aspects of investing in the current market, as well as the benefits of specific asset classes and investing styles.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.

source

Related Articles