Company shares are trading at $30.85 which is just over the 50 day moving average which is $28.86 and which is significantly above the 200 day moving average of $27.76. The 50 day moving average went up by +6.90% and the 200 day average moved up $3.09. (NASDAQ:UFPT) shares saw light trading volume with 13K shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 14.37% under the normal average daily volume.
Traders are more bullish lately if you look at the motion in short interest. The stock recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -23.99%. Short shares fell 7,807 over that timeframe. Days to cover decreased from 3.0 to 1.0 and the short interest percentage is 0.00% as of October 13.
A few notable investment firms have updated their holdings. Meeder Asset Management Inc bolstered its position by buying 624 shares an increase of 135.1% as of 09/30/2017. Meeder Asset Management Inc claims 1,086 shares valued at $31,000. The value of the position overall is up by 138.5%. First Quadrant L P/ca trimmed its holdings by selling 1,609 shares a decrease of 24.4% from 06/30/2017 to 09/30/2017. First Quadrant L P/ca owns 4,990 shares worth $140,000. The total value of its holdings decreased 25.1%.
Thomson Horstmann & Bryant Inc divested its stake by selling 11,764 shares a decrease of 2.6%. Thomson Horstmann & Bryant Inc controls 434,112 shares with a value of $12,198,000. The total value of its holdings decreased 3.3%. Nationwide Fund Advisors expanded its ownership by buying 3,200 shares an increase of 7.8% in the quarter. Nationwide Fund Advisors currently owns 43,975 shares worth $1,236,000. The total value of its holdings increased 7.1%.
The P/E ratio is currently 25.08 and the market value is 224.19M. In the last earnings report the EPS was $1.23 and is projected to be $1.41 for the current year with 7,267,000 shares 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..