Momentum Stock: UFP TechnologiesUFP Technologies specializes in the design and custom manufacturing of components, subassemblies, products, and packaging using specific foams, films, and plastics. The company's primary focus is on the medical market, where its single-use and single-patient devices and components find applications in a variety of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging.
Beyond the medical field, UFP Technologies also provides its engineered products and components to customers across various industries, including automotive, aerospace and defense, consumer, electronics, and industrial markets. Its products are used in diverse applications such as military uniform and gear components, automotive interior trim, athletic padding, environmentally protective packaging, air filtration, abrasive nail files, and protective cases and inserts.
They have been having a great run over the last many years, but are a very volatile stock to try and hang onto. In terms of any kind of entry, I would want to wait for a significant pullback to a better value area. It certainly looks expensive on the current technicals but you can see longer term how it has performed.
As always how you interpret and decide to act on any results is up to you. This is just data not financial or trading advice and past performance is in no way any guarantee of future performance. Think of it as a way to spot stocks you might be interested in and can add to your watch list and perform further research on and or discuss with your broker.
Again. Not trading advice . Industries and companies change. Trends can end. Do your own research / discuss it with your advisor, but might be one to watch.
