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UFP Technologies (NASDAQ:UFPT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Thursday. They currently have a $21.90 target price on the stock. Zacks‘s price objective indicates a potential downside of 4.20% from the company’s current price.

UFP Technologies (NASDAQ:UFPT) traded up 0.13% on Thursday, hitting $23.03. The stock had a trading volume of 14,565 shares. UFP Technologies has a 52 week low of $20.67 and a 52 week high of $27.43. The stock’s 50-day moving average is $24.27 and its 200-day moving average is $24.87. The company has a market cap of $162.5 million and a price-to-earnings ratio of 16.10.

UFP Technologies (NASDAQ:UFPT) last released its earnings data on Tuesday, August 5th. The company reported $26.00 EPS for the quarter, beating the Thomson Reuters 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 $1.42 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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