Shares of the company are trading at $29.90 barely above the 50 day moving average which is $28.17 and a tad above the 200 day moving average of $27.51. The 50 day moving average went up by +6.14% and the 200 day average went up by +8.67%. (NASDAQ:UFPT) shares saw light trading volume with 330 shares changing hands by the end of trading on Tuesday. Volume was down 98.57% under the stocks average daily volume.
Short traders are feeling a little more bullish on UFP Technologies, Inc. if you take note of the fall in short interest. The firm realized a fall in short interest between September 15, 2017 and September 29, 2017 of -25.12%. Short interest fell 10,913 over that period. Days to cover decreased 0.0 to 3.0 and the percentage of shorted shares was 0.00% on September 29.
The following firms have recently changed their position in UFPT. As of quarter end Ubs Group Ag had sold a total of 90 shares trimming its holdings by 46.4%. The value of the investment in UFPT went from $5,000 to $3,000 decreasing 40.0% quarter over quarter. As of the end of the quarter Acadian Asset Management LLC had acquired 285 shares growing its stake by 7.2%. The value in dollars increased from $112,000 to $120,000 a change of $8,000 for the reporting period.
Ledyard National Bank added to its stake by buying 500 shares an increase of 166.7%. Ledyard National Bank now controls 800 shares with a value of $22,000. The value of the position overall is up by 175.0%. As of quarter end Meeder Asset Management Inc had acquired a total of 624 shares growing its position 135.1%. The value of the total investment in UFP Technologies, Inc. increased from $13,000 to $31,000 a change of 138.5% since the last quarter.
UFP Technologies, Inc.’s P/E ratio is 24.31 and the market cap is 217.28M. As of the last earnings report the EPS was $1.23 and is expected to be $1.41 for the current year with 7,267,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.39 with next year’s EPS anticipated to be $1.75.
UFP Technologies, Inc., launched on October 15, 1993, is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is involved 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. The Business’s raw materials consist of polyethylene and polyurethane foams, sheet plastics, pulp fiber, cross-linked polyethylene and reticulated polyurethane foams, fabric and foam laminates, and natural fiber materials. The Company converts these materials to provide customers various solutions, including automotive interior trim, medical device components, disposable wound care components, military uniform and gear components, athletic padding, air filtration, high-temperature insulation, abrasive nail files and other beauty aids, and cushion packaging for their products..