UFP Technologies (UFPT) Receiving Somewhat Positive News Coverage, Study Finds

News headlines about UFP Technologies (NASDAQ:UFPT) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. UFP Technologies earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.8185985002114 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Separately, Zacks Investment Research upgraded shares of UFP Technologies from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, August 29th.

UFP Technologies (NASDAQ UFPT) traded down $0.15 during trading hours on Monday, hitting $27.40. 5,200 shares of the stock were exchanged, compared to its average volume of 21,440. UFP Technologies has a 52 week low of $22.95 and a 52 week high of $31.50. The company has a market capitalization of $199.13, a PE ratio of 25.14 and a beta of 0.12.

UFP Technologies (NASDAQ:UFPT) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.13). UFP Technologies had a net margin of 5.43% and a return on equity of 6.83%. The firm had revenue of $35.68 million during the quarter, compared to the consensus estimate of $38.70 million. research analysts forecast that UFP Technologies will post 1.12 EPS for the current year.

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About UFP Technologies

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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