UFP Technologies (UFPT) Earning Favorable Media Coverage, Study Finds
News articles about UFP Technologies (NASDAQ:UFPT) have been trending positive this week, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. UFP Technologies earned a coverage optimism score of 0.28 on AlphaOne’s scale. AlphaOne also assigned headlines about the industrial products company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
Several brokerages have issued reports on UFPT. Zacks Investment Research lowered shares of UFP Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 22nd. TheStreet lowered shares of UFP Technologies from a “b” rating to a “c+” rating in a research note on Friday, March 24th.
UFP Technologies (NASDAQ:UFPT) traded up 0.77% on Friday, hitting $26.20. 10,956 shares of the stock traded hands. The firm has a market capitalization of $189.19 million, a PE ratio of 23.82 and a beta of 0.52. UFP Technologies has a 52 week low of $20.40 and a 52 week high of $27.50. The stock has a 50 day moving average of $25.23 and a 200 day moving average of $25.28.
UFP Technologies (NASDAQ:UFPT) last posted its quarterly earnings data on Thursday, March 2nd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.03. UFP Technologies had a return on equity of 6.67% and a net margin of 5.68%. The company had revenue of $36.51 million for the quarter, compared to analysts’ expectations of $35.50 million. Equities research analysts anticipate that UFP Technologies will post $1.17 earnings per share for the current year.
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About UFP Technologies
UFP Technologies, Inc is a designer and custom converter of foams, plastics, composites and natural fiber materials. The Company is engaged 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.
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