UFP Technologies (NASDAQ:UFPT) Share Price Crosses Above 200-Day Moving Average - Here's Why

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $251.86 and traded as high as $298.50. UFP Technologies shares last traded at $294.29, with a volume of 99,837 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on UFPT shares. Weiss Ratings upgraded shares of UFP Technologies from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of UFP Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

UFP Technologies Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 3.00 and a quick ratio of 1.72. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 31.71 and a beta of 1.04. The stock has a 50 day moving average price of $297.78 and a two-hundred day moving average price of $251.86.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last posted its earnings results on Monday, August 3rd. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.61. UFP Technologies had a return on equity of 18.42% and a net margin of 11.45%. The firm had revenue of $173.96 million for the quarter, compared to analyst estimates of $159.38 million. As a group, analysts expect that UFP Technologies, Inc. will post 10.54 EPS for the current year.

Insider Transactions at UFP Technologies

In other news, Director Cynthia L. Feldmann sold 1,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $324.26, for a total transaction of $324,260.00. Following the sale, the director owned 4,476 shares of the company's stock, valued at approximately $1,451,387.76. This represents a 18.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marc D. Kozin sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $304.50, for a total transaction of $2,131,500.00. Following the completion of the transaction, the director directly owned 21,112 shares of the company's stock, valued at approximately $6,428,604. The trade was a 24.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 25,919 shares of company stock valued at $8,173,084. 4.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Balefire LLC grew its stake in shares of UFP Technologies by 6.6% during the first quarter. Balefire LLC now owns 1,093 shares of the industrial products company's stock worth $212,000 after purchasing an additional 68 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in UFP Technologies by 3.3% in the first quarter. Sanctuary Advisors LLC now owns 2,287 shares of the industrial products company's stock valued at $443,000 after buying an additional 72 shares during the last quarter. Carnegie Investment Counsel raised its stake in UFP Technologies by 4.8% in the first quarter. Carnegie Investment Counsel now owns 2,064 shares of the industrial products company's stock valued at $400,000 after buying an additional 94 shares in the last quarter. Silvant Capital Management LLC acquired a new stake in UFP Technologies in the second quarter valued at $29,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in UFP Technologies in the second quarter valued at $32,000. Institutional investors and hedge funds own 87.28% of the company's stock.

UFP Technologies Company Profile

UFP Technologies, Inc NASDAQ: UFPT is a designer and manufacturer of custom-engineered components, subassemblies and complete systems used primarily in the medical device industry. The company works with medical device manufacturers to develop solutions for applications such as minimally invasive surgery, orthopedics, cardiovascular care, wound care, drug delivery and patient monitoring.

Its capabilities include materials selection, product design and development, precision converting, molding, thermoforming, assembly and packaging.

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