UFP Technologies (NASDAQ:UFPT) Issues Quarterly Earnings Results

UFP Technologies (NASDAQ:UFPT - Get Free Report) released its quarterly earnings data on Tuesday. The industrial products company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.42, Zacks reports. The business had revenue of $148.15 million during the quarter, compared to the consensus estimate of $139.93 million. UFP Technologies had a return on equity of 18.92% and a net margin of 11.74%.

UFP Technologies Stock Performance

UFP Technologies stock traded up $1.27 during midday trading on Friday, reaching $235.18. 5,518 shares of the company's stock were exchanged, compared to its average volume of 82,692. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.43 and a current ratio of 2.57. The stock's 50-day simple moving average is $208.34 and its 200 day simple moving average is $251.18. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 33.55 and a beta of 1.10. UFP Technologies has a 52 week low of $178.26 and a 52 week high of $366.41.

Analysts Set New Price Targets

A number of analysts recently weighed in on UFPT shares. Raymond James began coverage on shares of UFP Technologies in a research report on Friday, March 28th. They issued a "market perform" rating on the stock. StockNews.com lowered UFP Technologies from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd. Finally, Lake Street Capital set a $252.00 price objective on UFP Technologies and gave the stock a "buy" rating in a research report on Wednesday.

Insider Activity

In other UFP Technologies news, Director Daniel C. Croteau sold 6,846 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $228.41, for a total value of $1,563,694.86. Following the transaction, the director now directly owns 1,785 shares in the company, valued at $407,711.85. The trade was a 79.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.17% of the company's stock.

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.