News stories about UFP Technologies (NASDAQ:UFPT) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. UFP Technologies earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.4120247677266 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, Zacks Investment Research downgraded UFP Technologies from a “buy” rating to a “hold” rating in a report on Friday, September 22nd.
UFP Technologies (NASDAQ:UFPT) traded up 0.87% during midday trading on Friday, reaching $28.95. The company had a trading volume of 889 shares. UFP Technologies has a 1-year low of $22.95 and a 1-year high of $29.05. The company has a market capitalization of $210.38 million, a P/E ratio of 23.54 and a beta of 0.20. The firm has a 50-day moving average of $27.55 and a 200 day moving average of $27.23.
UFP Technologies (NASDAQ:UFPT) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. UFP Technologies had a return on equity of 6.86% and a net margin of 6.03%. The company had revenue of $37.89 million during the quarter, compared to analysts’ expectations of $40.00 million. On average, equities research analysts forecast that UFP Technologies will post $1.41 EPS for the current year.
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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.
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