UFP Technologies (NASDAQ:UFPT) Shares Down 6.5% – What’s Next?

Shares of UFP Technologies, Inc. (NASDAQ:UFPT) traded down 6.5% during mid-day trading on Tuesday . The company traded as low as $265.36 and last traded at $264.14. 20,230 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 103,708 shares. The stock had previously closed at $282.42.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd.

UFP Technologies Price Performance

The stock has a market cap of $2.06 billion, a P/E ratio of 38.30 and a beta of 1.04. 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 firm has a 50-day moving average price of $270.32 and a 200-day moving average price of $299.05.

Insider Transactions at UFP Technologies

In related news, VP Jason Holt sold 146 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $342.69, for a total transaction of $50,032.74. Following the sale, the vice president now directly owns 6,721 shares of the company’s stock, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $352.30, for a total value of $227,938.10. Following the completion of the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $1,426,462.70. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,326 shares of company stock worth $4,620,154. Corporate insiders own 6.17% of the company’s stock.

Institutional Investors Weigh In On UFP Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC bought a new position in shares of UFP Technologies in the 3rd quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in UFP Technologies during the second quarter valued at about $36,000. GAMMA Investing LLC increased its position in UFP Technologies by 77.9% in the third quarter. GAMMA Investing LLC now owns 137 shares of the industrial products company’s stock worth $43,000 after buying an additional 60 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of UFP Technologies during the 3rd quarter valued at $56,000. Finally, KBC Group NV lifted its position in shares of UFP Technologies by 42.4% in the third quarter. KBC Group NV now owns 272 shares of the industrial products company’s stock valued at $86,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 87.28% 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.