UFP Technologies CEO Unloads $592,500 in Stock (UFPT)
UFP Technologies (NASDAQ:UFPT) CEO R Jeffrey Bailly sold 23,700 shares of UFP Technologies stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $25.00, for a total value of $592,500.00. Following the transaction, the chief executive officer now directly owns 613,182 shares of the company’s stock, valued at approximately $15,329,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
UFP Technologies (NASDAQ:UFPT) traded down 0.20% on Friday, hitting $24.92. The stock had a trading volume of 35,140 shares. UFP Technologies has a 1-year low of $19.86 and a 1-year high of $27.43. The stock’s 50-day moving average is $24.94 and its 200-day moving average is $25.05. The company has a market cap of $175.1 million and a price-to-earnings ratio of 17.47.
UFP Technologies (NASDAQ:UFPT) last released its earnings data on Tuesday, August 5th. The company reported $26.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $25.61. The company had revenue of $34.00 million for the quarter, compared to the consensus estimate of $37.00 million. Analysts expect that UFP Technologies will post $1.49 EPS for the current fiscal year.
UFP Technologies, Inc (NASDAQ:UFPT) designs and manufactures engineered packaging solutions utilizing molded and fabricated foams, vacuum-formed plastics, and molded fiber.
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