UFP Technologies (NASDAQ:UFPT) released its quarterly earnings results on Tuesday. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.19, Briefing.com reports. UFP Technologies had a return on equity of 8.94% and a net margin of 8.12%. The business had revenue of $48.60 million during the quarter, compared to analysts’ expectations of $44.80 million. The firm’s quarterly revenue was up .7% compared to the same quarter last year.
Shares of UFP Technologies stock traded down $0.12 during trading on Tuesday, reaching $49.98. The company’s stock had a trading volume of 280 shares, compared to its average volume of 29,997. The stock has a market capitalization of $375.85 million, a P/E ratio of 25.05 and a beta of 0.92. UFP Technologies has a one year low of $36.69 and a one year high of $55.51. The stock has a 50-day moving average price of $50.20 and a two-hundred day moving average price of $47.20.
Separately, Zacks Investment Research cut UFP Technologies from a “hold” rating to a “sell” rating in a report on Saturday, March 20th.
About UFP Technologies
UFP Technologies, Inc designs and converts foams, films, and plastics materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components for automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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