UFP Technologies (UFPT) Receiving Somewhat Positive Press Coverage, Analysis Finds

Media headlines about UFP Technologies (NASDAQ:UFPT) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. UFP Technologies earned a news impact score of 0.01 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 47.444943323937 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of UFPT stock traded down $0.70 during trading on Friday, hitting $30.85. 9,500 shares of the company were exchanged, compared to its average volume of 17,048. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.35 and a current ratio of 3.43. The stock has a market cap of $227.43 million, a P/E ratio of 24.68 and a beta of 0.08. UFP Technologies has a twelve month low of $25.88 and a twelve month high of $34.00.

UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings results on Friday, May 4th. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25. The business had revenue of $42.93 million during the quarter, compared to analysts’ expectations of $44.00 million. UFP Technologies had a net margin of 5.74% and a return on equity of 8.23%. sell-side analysts predict that UFP Technologies will post 2.03 EPS for the current year.

UFPT has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, April 6th. ValuEngine upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.

In related news, VP W David Smith sold 902 shares of the firm’s stock in a transaction that occurred on Thursday, April 19th. The shares were sold at an average price of $32.07, for a total transaction of $28,927.14. Following the completion of the sale, the vice president now directly owns 13,253 shares in the company, valued at $425,023.71. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 6,023 shares of company stock valued at $194,358. 12.30% of the stock is currently owned by corporate insiders.

UFP Technologies Company Profile

UFP Technologies, Inc designs and converts foams, plastics, composites, and natural fiber materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. The company offers medical devices and components, disposable wound care components, automotive interior trims, athletic paddings, abrasive nail files and other beauty aids, air filtration products, high-temperature insulations, military uniform and gear components, and cushion packaging products.

Insider Buying and Selling by Quarter for UFP Technologies (NASDAQ:UFPT)

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