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A statement released earlier today by Zacks Investment Research about UFP Technologies, Inc. (NASDAQ:UFPT) raises the target price to $30.00

UFP Technologies, Inc. (NASDAQ:UFPT) had its price target bumped up to $30 by Zacks Investment Research in an issued report released 9/17/2016. The latest target price implies a potential upside of 0.15% based on the company’s previous stock close price.

Just yesterday UFP Technologies, Inc. (NASDAQ:UFPT) traded 2.51% higher at $26.10. UFP Technologies, Inc.’s 50-day average is $24.50 and its 200-day moving average is $23.06. The last close is up 13.17% relative to the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the same period. Trading volume was was up over the average, with 51,278 shares of UFPT changing hands over the typical 47,136 shares..

Recent Performance Graphic:

UFP Technologies, Inc. (NASDAQ:UFPT)

UFP Technologies, Inc. has a one-year low of $20.40 and a 52 week high of $27.12 with a P/E ratio of 25. UFPT’s market cap is currently $0.0.

More About UFP Technologies, Inc. (NASDAQ:UFPT)

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. The Company’s raw materials consist of polyethylene and polyurethane foams, sheet plastics, pulp fiber, cross-linked polyethylene and reticulated polyurethane foams, fabric and foam laminates, and natural fiber materials. The Company converts these materials to provide customers various solutions, including automotive interior trim, medical device components, disposable wound care components, military uniform and gear components, athletic padding, air filtration, high-temperature insulation, abrasive nail files and other beauty aids, and and cushion packaging for their products.

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