Utah Medical Products (NASDAQ:UTMD) Share Price Passes Below 200 Day Moving Average of $76.50

Utah Medical Products, Inc. (NASDAQ:UTMD)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $76.50 and traded as low as $67.57. Utah Medical Products shares last traded at $69.39, with a volume of 25,690 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UTMD. TheStreet downgraded Utah Medical Products from a “b-” rating to a “c+” rating in a report on Monday, February 12th. StockNews.com cut Utah Medical Products from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 7th.

Utah Medical Products Stock Up 2.2 %

The firm has a market cap of $249.11 million, a P/E ratio of 15.42 and a beta of 0.15. The business has a fifty day moving average of $69.02 and a 200 day moving average of $76.50.

Institutional Investors Weigh In On Utah Medical Products

Hedge funds have recently modified their holdings of the business. FMR LLC boosted its position in Utah Medical Products by 2.0% during the 3rd quarter. FMR LLC now owns 389,831 shares of the medical instruments supplier’s stock worth $33,525,000 after acquiring an additional 7,738 shares during the last quarter. Natixis Advisors L.P. bought a new position in Utah Medical Products in the third quarter valued at $1,102,000. Cardinal Capital Management increased its stake in Utah Medical Products by 1.3% in the 4th quarter. Cardinal Capital Management now owns 11,727 shares of the medical instruments supplier’s stock valued at $991,000 after buying an additional 146 shares during the last quarter. Clean Yield Group lifted its position in Utah Medical Products by 1.6% during the 4th quarter. Clean Yield Group now owns 31,748 shares of the medical instruments supplier’s stock worth $2,674,000 after buying an additional 485 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Utah Medical Products during the 3rd quarter worth about $319,000. Institutional investors and hedge funds own 69.60% of the company’s stock.

Utah Medical Products Company Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.