Why the growth investor may take a look at NASDAQ:UFPT.

In this article we will dive into UFP TECHNOLOGIES INC (NASDAQ:UFPT) as a possible candidate for growth investing. Investors should always do their own research, but we noticed UFP TECHNOLOGIES INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of UFP TECHNOLOGIES INC

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), UFP TECHNOLOGIES INC highlights its ability to generate increasing profitability, showcasing a 98.44% growth.
• UFP TECHNOLOGIES INC has experienced 37.21% q2q revenue growth, indicating a significant sales increase.
• UFP TECHNOLOGIES INC has achieved 27.49% growth in EPS over the past 3 years, reflecting a sustained improvement in earnings performance.
• The Return on Equity(ROE) of UFP TECHNOLOGIES INC is 18.93%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• The Relative Strength (RS) of UFP TECHNOLOGIES INC has consistently been strong, with a current 95.49 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. UFP TECHNOLOGIES INC demonstrates promising potential for sustained price momentum.
• With a Debt-to-Equity ratio at 0.23, UFP TECHNOLOGIES INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• The ownership composition of UFP TECHNOLOGIES INC reflects a balanced investor ecosystem, with institutional shareholders owning 84.71%. This indicates a broader market participation and potential for increased trading liquidity.

What is the technical picture of NASDAQ:UFPT telling us.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, UFPT scores 6 out of 10 in our technical rating. In the last year, UFPT was one of the better performers, but we do observe some doubts in the very recent evolution.

• When comparing the yearly performance of all stocks, we notice that UFPT is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by UFPT over the past year are nicely spread over this period.
• UFPT is part of the Health Care Equipment & Supplies industry. There are 204 other stocks in this industry. UFPT outperforms 95% of them.
• UFPT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so UFPT is performing more or less in line with the market.
• The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

Check the latest full technical report of UFPT for a complete technical analysis.

Zooming in on the fundamentals.

ChartMill employs a sophisticated system to assign a Fundamental Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple fundamental indicators and properties.

Taking everything into account, UFPT scores 6 out of 10 in our fundamental rating. UFPT was compared to 204 industry peers in the Health Care Equipment & Supplies industry. UFPT gets an excellent profitability rating and is at the same time showing great financial health properties. UFPT is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings would make UFPT suitable for growth and quality investing!

For an up to date full fundamental analysis you can check the fundamental report of UFPT

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.