Zacks Investment Research Downgrades UFP Technologies (UFPT) to Sell
Zacks Investment Research cut shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a research note released on Saturday morning.
According to Zacks, “UFP TECH., INC. designs and manufactures a range of high-performance cushion packaging and specialty foam and plastic prods. for the industrial and consumer markets. UFP also designs precision moulded fibre packaging prods. made from recycled paper. “
UFP Technologies (NASDAQ:UFPT) opened at $28.50 on Friday. The stock has a market cap of $211.85, a price-to-earnings ratio of 26.15 and a beta of 0.13. UFP Technologies has a fifty-two week low of $22.95 and a fifty-two week high of $31.50.
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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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