UFP Technologies saw its IBD SmartSelect Composite Rating jump to 98 Thursday, up from 92 the day before.
The new rating is a sign the stock is outpacing 98% 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 begin to 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 currently forming a cup without handle, with a 366.41 buy point. See if the stock can break out in heavy trade at least 40% higher than normal. Keep in mind that it's a later-stage base, and those involve more risk.
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The stock sports a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 45% earnings growth for Q3. That means it's now generated two straight quarters of rising EPS gains. Top line growth climbed 44%, up from 10% in the prior report. The company has now posted rising growth in each of the last two quarters.
UFP Technologies earns the No. 1 rank among its peers in the Containers/Packaging industry group. Aptargroup and Sylvamo are also among the group's highest-rated stocks.
