UFP Technologies (NASDAQ:UFPT) Shares Down 6.5% – Should You Sell?

UFP Technologies, Inc. (NASDAQ:UFPT)’s share price traded down 6.5% on Tuesday . The company traded as low as $265.36 and last traded at $264.14. 20,230 shares were traded 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.

Wall Street Analysts Forecast Growth

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

UFP Technologies Stock Down 4.9 %

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 company has a fifty day simple moving average of $270.32 and a two-hundred day simple moving average of $299.05. The firm has a market capitalization of $2.06 billion, a PE ratio of 38.30 and a beta of 1.04.

Insiders Place Their Bets

In other UFP Technologies news, VP Jason Holt sold 146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $342.69, for a total value of $50,032.74. Following the completion of the sale, the vice president now directly owns 6,721 shares in the company, valued at $2,303,219.49. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia L. Feldmann sold 647 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 4,049 shares of the company’s stock, valued at $1,426,462.70. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,326 shares of company stock worth $4,620,154 in the last three months. Corporate insiders own 6.17% of the company’s stock.

Hedge Funds Weigh In On UFP Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in shares of UFP Technologies by 144.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,218 shares of the industrial products company’s stock valued at $5,136,000 after buying an additional 9,593 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in UFP Technologies by 4.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 67,099 shares of the industrial products company’s stock valued at $21,250,000 after purchasing an additional 2,842 shares in the last quarter. Intech Investment Management LLC purchased a new stake in UFP Technologies during the 3rd quarter worth approximately $1,176,000. Jane Street Group LLC increased its position in shares of UFP Technologies by 32.2% during the third quarter. Jane Street Group LLC now owns 11,581 shares of the industrial products company’s stock worth $3,668,000 after purchasing an additional 2,822 shares in the last quarter. Finally, Eagle Asset Management Inc. acquired a new stake in shares of UFP Technologies in the third quarter valued at about $9,791,000. 87.28% of the stock is owned by hedge funds and other institutional investors.

UFP Technologies Company Profile

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.