UFP Technologies (NASDAQ:UFPT) Shares Gap Down - Time to Sell?

Key Points

• UFP shares gapped down, opening at $182.50 after a $192.55 close and last trading around $190.99, and are trading below both the 50‑day ($202.02) and 200‑day ($221.03) moving averages.
• Analysts have moved ratings up from "sell" to "hold," leaving a consensus rating of Hold and a consensus price target of $289.00.
• The company beat EPS estimates ($2.48 vs. $2.18) while revenue was roughly in line at $154.2M; UFP reported an 11.33% net margin, 19.36% ROE, and 4.1% year‑over‑year revenue growth.

UFP Technologies, Inc. (NASDAQ:UFPT - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $192.55, but opened at $182.50. UFP Technologies shares last traded at $190.9870, with a volume of 70,989 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UFPT shares. Zacks Research raised shares of UFP Technologies from a "strong sell" rating to a "hold" rating in a report on Wednesday, January 14th. Wall Street Zen raised shares of UFP Technologies from a "sell" rating to a "hold" rating in a report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, UFP Technologies currently has an average rating of "Hold" and a consensus price target of $289.00.

UFP Technologies Price Performance

The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 23.71 and a beta of 1.08. The stock's 50 day moving average price is $202.02 and its two-hundred day moving average price is $221.03. The company has a quick ratio of 1.52, a current ratio of 2.68 and a debt-to-equity ratio of 0.32.

UFP Technologies (NASDAQ:UFPT - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The industrial products company reported $2.48 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.30. The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $154.78 million. UFP Technologies had a net margin of 11.33% and a return on equity of 19.36%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.47 earnings per share. Equities research analysts forecast that UFP Technologies, Inc. will post 9.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in UFP Technologies during the fourth quarter valued at $28,000. Smartleaf Asset Management LLC lifted its position in UFP Technologies by 1,500.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 176 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 165 shares during the period. Canada Pension Plan Investment Board acquired a new position in UFP Technologies during the second quarter valued at $49,000. Caitong International Asset Management Co. Ltd acquired a new position in UFP Technologies during the third quarter valued at $51,000. Finally, PNC Financial Services Group Inc. lifted its position in UFP Technologies by 66.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 236 shares of the industrial products company's stock valued at $52,000 after purchasing an additional 94 shares during the period. 87.28% of the stock is currently owned by institutional investors and hedge funds.

About UFP Technologies

UFP Technologies, Inc NASDAQ: UFPT is a global designer and manufacturer of custom-engineered products using plastics, foams and adhesives. The company partners with customers to develop application-specific solutions through a range of in-house processes, including foam fabrication, die cutting, sheet processing, lamination, machining and assembly services. Its components find use in industries requiring precise material properties, such as medical devices, aerospace, defense, electronics and transportation.

Building on its origins as a specialty foam converter, UFP Technologies has expanded its capabilities to include advanced material technologies, such as thermal management and electromagnetic interference (EMI) shielding solutions.

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