Utah Medical Products, Inc. (UTMD) Downgraded to Buy at BidaskClub
BidaskClub downgraded shares of Utah Medical Products, Inc. (NASDAQ:UTMD) from a strong-buy rating to a buy rating in a research note released on Tuesday.
Separately, ValuEngine upgraded shares of Utah Medical Products from a sell rating to a hold rating in a report on Tuesday, June 6th.
Utah Medical Products (UTMD) traded down 1.21% on Tuesday, hitting $69.25. The company’s stock had a trading volume of 16,988 shares. Utah Medical Products has a 1-year low of $56.30 and a 1-year high of $75.00. The company has a market capitalization of $257.40 million, a P/E ratio of 19.86 and a beta of 0.76. The company has a 50 day moving average price of $71.40 and a 200-day moving average price of $65.17.
Utah Medical Products (NASDAQ:UTMD) last announced its quarterly earnings data on Tuesday, April 25th. The medical instruments supplier reported $0.95 earnings per share for the quarter. Utah Medical Products had a net margin of 32.98% and a return on equity of 18.27%. The business had revenue of $10.26 million for the quarter. On average, equities analysts forecast that Utah Medical Products will post $2.81 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Friday, June 16th were issued a $0.265 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.06 annualized dividend and a yield of 1.53%. Utah Medical Products’s dividend payout ratio is currently 30.37%.
A number of institutional investors have recently made changes to their positions in UTMD. Strs Ohio raised its position in shares of Utah Medical Products by 8.0% in the second quarter. Strs Ohio now owns 2,700 shares of the medical instruments supplier’s stock valued at $195,000 after buying an additional 200 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Utah Medical Products by 9.3% in the second quarter. Janney Montgomery Scott LLC now owns 3,947 shares of the medical instruments supplier’s stock valued at $286,000 after buying an additional 335 shares during the period. Cardinal Capital Management raised its stake in Utah Medical Products by 15.5% in the second quarter. Cardinal Capital Management now owns 9,180 shares of the medical instruments supplier’s stock valued at $665,000 after buying an additional 1,235 shares during the period. Bessemer Group Inc. raised its stake in Utah Medical Products by 39.4% in the second quarter. Bessemer Group Inc. now owns 4,600 shares of the medical instruments supplier’s stock valued at $333,000 after buying an additional 1,300 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in Utah Medical Products during the second quarter valued at $325,000. Institutional investors and hedge funds own 65.27% of the company’s stock.
Utah Medical Products Company Profile
Utah Medical Products, Inc (UTMD) is engaged in the business of producing medical devices that are disposable and for hospital use. The Company’s product categories include labor and delivery/obstetrics, including fetal monitoring accessories, Vacuum-Assisted Delivery Systems (VAD), and other labor and delivery tools; neonatal intensive care, including DISPOSA-HOOD, DELTRAN PLUS and GESCO; gynecology/urology/electrosurgery, including LETZ System, FINESSE+ Generator, EPITOME, PATHFINDER PLUS, HOLMIUM LASER FIBRES, LIBERTY System, ENDOCURETTE, TVUS/HSG-Cath and LUMIN, and blood pressure monitoring, including DELTRAN Disposable Pressure Transducer (DPT), and pressure monitoring accessories, components and other molded parts.
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