UFP Technologies (NASDAQ:UFPT) Reaches New 52-Week High at $98.48 – Defense World
Posted by admin on Aug 21st, 2022 
Shares of UFP Technologies, Inc. (NASDAQ:UFPT – Get Rating) hit a new 52-week high on Friday . The stock traded as high as $98.48 and last traded at $98.48, with a volume of 180 shares trading hands. The stock had previously closed at $97.27.
Several equities research analysts have recently weighed in on UFPT shares. Lake Street Capital started coverage on UFP Technologies in a research note on Wednesday, June 22nd. They issued a “buy” rating and a $110.00 price target for the company. StockNews.com raised UFP Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
The firm has a 50 day moving average of $81.96 and a 200 day moving average of $74.34. The firm has a market cap of $742.31 million, a price-to-earnings ratio of 35.92 and a beta of 0.77. The company has a quick ratio of 1.41, a current ratio of 2.35 and a debt-to-equity ratio of 0.46.
Large investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC grew its stake in UFP Technologies by 315.0% in the first quarter. Annex Advisory Services LLC now owns 12,757 shares of the industrial products company’s stock valued at $844,000 after acquiring an additional 9,683 shares during the period. Summit Global Investments grew its stake in UFP Technologies by 7.8% in the fourth quarter. Summit Global Investments now owns 6,900 shares of the industrial products company’s stock valued at $485,000 after acquiring an additional 500 shares during the period. Ranger Investment Management L.P. grew its stake in UFP Technologies by 41.2% in the fourth quarter. Ranger Investment Management L.P. now owns 88,699 shares of the industrial products company’s stock valued at $6,232,000 after acquiring an additional 25,882 shares during the period. Acadian Asset Management LLC grew its stake in UFP Technologies by 11.4% in the fourth quarter. Acadian Asset Management LLC now owns 21,974 shares of the industrial products company’s stock valued at $1,541,000 after acquiring an additional 2,250 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new stake in UFP Technologies in the fourth quarter valued at approximately $5,619,000. Institutional investors and hedge funds own 86.06% of the company’s stock.
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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.
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