UFP Technologies Inc. (NASDAQ:UFPT) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.12 and last traded at $26.95, with a volume of 10,880 shares trading hands. The stock had previously closed at $26.84.

A number of brokerages have issued reports on UFPT. Zacks Investment Research upgraded UFP Technologies from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Saturday. TheStreet upgraded UFP Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 19th.

The stock’s 50-day moving average price is $24.72 and its 200 day moving average price is $23.11. The company has a market capitalization of $193.49 million, a price-to-earnings ratio of 26.12 and a beta of 0.65.

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UFP Technologies (NASDAQ:UFPT) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.19. UFP Technologies had a return on equity of 7.23% and a net margin of 5.31%. The firm had revenue of $37.90 million for the quarter, compared to the consensus estimate of $36.50 million. On average, equities analysts forecast that UFP Technologies Inc. will post $1.35 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Cove Street Capital LLC increased its stake in shares of UFP Technologies by 335.4% in the second quarter. Cove Street Capital LLC now owns 389,173 shares of the company’s stock valued at $8,772,000 after buying an additional 299,793 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of UFP Technologies during the second quarter valued at $224,000. State Street Corp acquired a new stake in shares of UFP Technologies during the second quarter valued at $1,203,000. Teachers Advisors Inc. acquired a new stake in shares of UFP Technologies during the second quarter valued at $223,000. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of UFP Technologies by 420.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 56,926 shares of the company’s stock valued at $1,283,000 after buying an additional 45,981 shares during the last quarter. Hedge funds and other institutional investors own 65.68% of the company’s stock.

UFP Technologies Company Profile

UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged in providing solutions to customers primarily within the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets. It converts these materials using laminating, molding, and fabricating manufacturing technologies.

5 Day Chart for NASDAQ:UFPT

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