UFP Technologies, Inc. (UFPT) Formed H&S; Sellers Are Thriving

March 19, 2018 - By Michael Collier

Investors sentiment decreased to 1.7 in 2017 Q3. Its down 0.86, from 2.56 in 2017Q2. It is negative, as 4 investors sold UFP Technologies, Inc. shares while 19 reduced holdings. 14 funds opened positions while 25 raised stakes. 4.88 million shares or 1.97% more from 4.79 million shares in 2017Q2 were reported.
Anchor Cap Ltd Liability Com reported 27,383 shares. Vanguard Gru has invested 0% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT). Fmr Ltd reported 119,051 shares stake. The Minnesota-based Punch Assoc Investment Management has invested 0.45% in UFP Technologies, Inc. (NASDAQ:UFPT). Deutsche Comml Bank Ag reported 0% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT). Hancock Holdings holds 7,173 shares or 0.01% of its portfolio. Wells Fargo & Communications Mn reported 0% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT). Acadian Asset Mngmt Lc has 0% invested in UFP Technologies, Inc. (NASDAQ:UFPT). Tiaa Cref Inv Mgmt Limited Liability Corp accumulated 0% or 18,999 shares. Citigroup stated it has 0% in UFP Technologies, Inc. (NASDAQ:UFPT). Bessemer Grp reported 0% stake. Gru invested 0% of its portfolio in UFP Technologies, Inc. (NASDAQ:UFPT). Prelude Capital Ltd Company reported 3,344 shares. Cove Street Cap Ltd Co invested in 577,980 shares. Panagora Asset Mgmt has invested 0% in UFP Technologies, Inc. (NASDAQ:UFPT).

The stock of UFP Technologies, Inc. (UFPT) formed H&S with $27.45 target or 6.00 % below today’s $29.20 share price. The 8 months Head & Shoulders indicates high risk for the $213.61 million company. It was reported on Mar, 19 by Faxor.com. If the $27.45 price target is reached, the company will be worth $12.82 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock decreased 2.99% or $0.9 during the last trading session, reaching $29.2. About 629 shares traded. UFP Technologies, Inc. (NASDAQ:UFPT) has risen 25.88% since March 19, 2017 and is uptrending. It has outperformed by 9.18% the S&P500.

Analysts await UFP Technologies, Inc. (NASDAQ:UFPT) to report earnings on May, 2. They expect $0.40 earnings per share, up 33.33 % or $0.10 from last year’s $0.3 per share. UFPT’s profit will be $2.93 million for 18.25 P/E if the $0.40 EPS becomes a reality. After $0.37 actual earnings per share reported by UFP Technologies, Inc. for the previous quarter, Wall Street now forecasts 8.11 % EPS growth.

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