UFP Technologies (UFPT) Receiving Somewhat Favorable News Coverage, Study Shows

News articles about UFP Technologies (NASDAQ:UFPT) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. UFP Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.1927273841242 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

UFP Technologies (NASDAQ:UFPT) traded up $0.75 during trading on Friday, reaching $29.65. The company’s stock had a trading volume of 9,435 shares, compared to its average volume of 20,039. The firm has a market cap of $221.08, a PE ratio of 27.20 and a beta of 0.13. UFP Technologies has a 12-month low of $23.55 and a 12-month high of $31.50.

Separately, Zacks Investment Research cut UFP Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th.

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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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