The UFP Technologies Inc. (UFPT) shares are trading at higher $44.00. The current analyst price target stands at $50.00.
To add more color to this target, the company’s high over the last year is $52.59 and the low is $30.80. Over the last 52 weeks, UFPT is down -16.34% while the S&P 500 is down -2.55%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, UFPT reported a profit of $12.82 million. UFP Technologies Inc. also saw revenues increase to $48.28 million. In addition, UFPT has free cash flow of $3.72 million as of 03-2020 The company’s EBITDA came in at $7.14 million which compares well with its peers.
UFPT booked profit margins of 10.00%, its Return on Equity (ROE) is 12.60%, and its Return on Assets is 10.20%. All told, it is clear that, UFPT needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UFPT has a short ratio of 2.44 and outstanding shares of 7.46M.
UFPT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 28340.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.64. UFP Technologies Inc. UFPT also noted assets of $194.21 million at the end of the last quarter. Investors should also keep an eye on sector updates as UFPT has historically followed its peers on positive news.
All told, UFP Technologies Inc. UFPT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UFPT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
UFP Technologies Inc. UFPT is now commanding a market cap of 328.24M and a float of 6.79M. UFPT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UFPT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in UFPT, either long or short, and we have not been compensated for this article.