Sunday, January 11, 2009

United Foam Plastics Technologies - UFPT

United Foam Plastics Technologies (UFPT) offers a range of engineered packaging solutions and specialty products for a number of industrial applications. UFP Technologies (UFPT) trades at close to book value and has significantly increased both sales and revenue over the past few years.

The price of UFPT stock has suffered in recent months falling from it's 52 week high of $14.63 amid significant insider selling in the range of $12-$14 to a 52 week low of $3.92. UFP Technologies (UFPT) currently trades at $5.40 which I believe presents good value as insiders have been making modest purchases in the $4 range.

UFP Technologies (UFPT) currently trades at a trailing P/E of 5.79, with very little debt, and has recently broken through it's 50 day moving average. I anticipate a 12-month price target of $11 as the economic outlook improves in the second half of the year.

Disclosure: At the time of writing the author held shares in United Foam Plastics Technologies (UFPT).

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