It Seems UFP Technologies, Inc. (UFPT) Will Go Up. Just Reaches Record High

April 17, 2018 - By Migdalia James

UFP Technologies, Inc. (NASDAQ:UFPT) Logo

Investors sentiment decreased to 1.5 in Q4 2017. Its down 0.20, from 1.7 in 2017Q3. It turned negative, as 4 investors sold UFP Technologies, Inc. shares while 22 reduced holdings. 14 funds opened positions while 25 raised stakes. 4.95 million shares or 1.37% more from 4.88 million shares in 2017Q3 were reported.
Hancock Hldg holds 0.01% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT) for 8,262 shares. Barrow Hanley Mewhinney & Strauss Limited Com reported 0% in UFP Technologies, Inc. (NASDAQ:UFPT). Ancora Limited Liability holds 390,641 shares. Huber Capital Ltd owns 121,990 shares. Ameritas Prns reported 499 shares. Bancshares Of America De invested in 0% or 3,031 shares. Citigroup invested in 6,636 shares or 0% of the stock. California Public Employees Retirement System holds 0% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT) for 35,000 shares. Winslow Evans Crocker holds 0% or 500 shares. Fmr Limited Liability accumulated 115,487 shares. Amer Intl Group Inc, a New York-based fund reported 4,349 shares. Vanguard invested in 0% or 308,304 shares. 1,700 were reported by Earnest Partners Ltd. Morgan Stanley stated it has 0% in UFP Technologies, Inc. (NASDAQ:UFPT). Panagora Asset Management reported 33,087 shares.

Since April 5, 2018, it had 0 insider purchases, and 2 insider sales for $57,856 activity.

The stock of UFP Technologies, Inc. (NASDAQ:UFPT) reached all time high today, Apr, 17 and still has $33.07 target or 4.00 % above today’s $31.80 share price. This indicates more upside for the $232.63M company. This technical setup was reported by Barchart.com. If the $33.07 PT is reached, the company will be worth $9.31M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.47% or $0.15 during the last trading session, reaching $31.8. About 16,686 shares traded. UFP Technologies, Inc. (NASDAQ:UFPT) has risen 18.18% since April 17, 2017 and is uptrending. It has outperformed by 6.63% the S&P500.

Analysts await UFP Technologies, Inc. (NASDAQ:UFPT) to report earnings on May, 2. They expect $0.40 EPS, up 33.33 % or $0.10 from last year’s $0.3 per share. UFPT’s profit will be $2.93M for 19.88 P/E if the $0.40 EPS becomes a reality. After $0.37 actual EPS reported by UFP Technologies, Inc. for the previous quarter, Wall Street now forecasts 8.11 % EPS growth.

UFP Technologies, Inc. designs and converts foams, plastics, composites, and natural fiber materials and provides solutions to medical, automotive, consumer, electronics, industrial, aerospace, and defense markets in the United States. The company has market cap of $232.63 million. It offers medical device components, disposable wound care components, automotive interior trims, athletic padding, abrasive nail files and other beauty aids, air filtration, high-temperature insulation, military uniform and gear components, and cushion packaging products. It has a 25.24 P/E ratio. The firm also provides wine shipping solutions made from molded fiber under the Wine Packs brand name; tube and pipe insulation for clean room environments under the T-Tubes brand; pharmaceutical bag protection system under the BioShell brand name; sanitary solution for nail care services under the Pro-Sticks brand; medical device pouch for protecting small instruments and tools under the FlexShield brand name; and multi-purpose cleaning eraser under the Erasables brand, as well as various products under the Spot Eraser, Tri-Covers, Design Nail, and Mambo names.

UFP Technologies, Inc. (NASDAQ:UFPT) Institutional Positions Chart

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