On Wednesday, UFP Technologies got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
UFP Technologies is now out of buy range after breaking out from a 268.34 buy point in a flat base.
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The stock sports a 97 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 45% increase in earnings for Q3. That marks two straight reports with rising EPS performance. Revenue growth increased 44%, up from 10% in the prior report. That marks two quarters of rising growth.
UFP Technologies holds the No. 1 rank among its peers in the Containers/Packaging industry group. Pactiv Evergreen and Sylvamo are also among the group's highest-rated stocks.
