Utah Medical Products (NASDAQ:UTMD) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Utah Medical Products (NASDAQ:UTMD) from a sell rating to a hold rating in a research report sent to investors on Friday, BidAskClub reports.

Utah Medical Products stock opened at $91.84 on Friday. The business’s 50-day moving average price is $87.24. The stock has a market capitalization of $346.73 million, a price-to-earnings ratio of 25.38 and a beta of 0.83. Utah Medical Products has a 1-year low of $73.98 and a 1-year high of $102.70.

Several institutional investors have recently bought and sold shares of the company. Rice Hall James & Associates LLC lifted its holdings in Utah Medical Products by 73.5% in the second quarter. Rice Hall James & Associates LLC now owns 78,053 shares of the medical instruments supplier’s stock worth $7,470,000 after buying an additional 33,064 shares during the period. FMR LLC lifted its holdings in Utah Medical Products by 2.4% in the first quarter. FMR LLC now owns 488,255 shares of the medical instruments supplier’s stock worth $43,089,000 after buying an additional 11,248 shares during the period. BlackRock Inc. lifted its holdings in Utah Medical Products by 4.9% in the fourth quarter. BlackRock Inc. now owns 189,228 shares of the medical instruments supplier’s stock worth $15,721,000 after buying an additional 8,765 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Utah Medical Products in the second quarter worth about $505,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Utah Medical Products in the second quarter worth about $401,000. Institutional investors own 73.78% of the company’s stock.

Utah Medical Products Company Profile

Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry in the United States, Europe, and internationally. The company offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD, an infant respiratory hood; and DELTRAN PLUS, a blood pressure monitoring system.

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