UFP Technologies (NASDAQ: UFPT) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday.
UFP Technologies, Inc. (UFPT) designs and manufactures engineered packaging solutions utilizing molded fiber, vacuum-formed plastics and molded fiber. The Company also designs and manufactures engineered component products using laminating, molding and fabricating technologies. UFPT serves manufacturing sectors, but targets opportunities in the medical and scientific, automotive, aerospace and defense, computer and electronics, industrial, and consumer markets. The Company’s packaging solutions are made primarily from polyethylene and polyurethane foams, and a range of sheet plastics. These solutions are custom designed and fabricated or molded to provide protection for fragile and valuable items, and are sold primarily to original equipment and component manufacturers. Molded fiber products are made primarily from 100% recycled paper principally derived from waste newspaper.
Shares of UFP Technologies traded down 1.28% during mid-day trading on Tuesday, hitting $14.60. UFP Technologies has a one year low of $12.65 and a one year high of $21.59. The stock’s 50-day moving average is $14.88 and its 200-day moving average is $15.. The company has a market cap of $95.3 million and a P/E ratio of 9.88.