Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for UFP Technologies Inc (NASDAQ: UFPT) improved of late. UFPT’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
UFP Technologies Inc (NASDAQ: UFPT) stock rose modestly by 0.8% on 4/8/24. The stock closed at $253.27. However, trading volume in this advance was unusually low at 62% of normal. The stock has been strong relative to the market over the last nine months and is unchanged 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 (Low Neutral). This VT Rating improved in recent days from D previously. 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 16 but a good Power Rating of 78, producing the Low Neutral Value Trend Rating.
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