For its first fiscal quarter (ending March 31), UFP Technologies Inc (NASDAQ: UFPT) has reported a 30% increase in E.P.S. from $1.28 a year ago to $1.66 in the current quarter. E.P.S. were $6.27 for the latest four quarters through March 31 versus $6.16 for the same period a year ago — an increase of 2%.
Recent Price Action
On 5/1/24, UFP Technologies Inc (NASDAQ: UFPT) stock enjoyed a major increase of 14.5%, closing at $235.84. Moreover, exceptionally high trading volume at 209% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.6% during the last week.
Current PriceTarget Research Rating
UFPT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
UFP Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. UFP Technologies has a poor Appreciation Score of 20 but a very high Power Rating of 86, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment