Zacks Investment Research cut shares of UFP Technologies (NASDAQ:UFPT) from a hold rating to a sell rating in a report published on Friday 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 $29.50 on Friday. The firm has a market cap of $214.40, a P/E ratio of 27.06 and a beta of 0.13. UFP Technologies has a 52 week low of $23.55 and a 52 week high of $31.50.
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UFP Technologies Company Profile
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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