UFP Technologies (NASDAQ:UFPT) Posts Earnings Results

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.

In other UFP Technologies news, Director Marc D. Kozin sold 10,000 shares of the business’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $54.10, for a total transaction of $541,000.00. Following the completion of the sale, the director now directly owns 40,900 shares of the company’s stock, valued at approximately $2,212,690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.00% of the company’s stock.

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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Earnings History for UFP Technologies (NASDAQ:UFPT)

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