Unifi (NYSE:UFI) Shares Pass Above 200-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Unifi, Inc. (NYSE:UFI – Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.75 and traded as high as $4.14. Unifi shares last traded at $4.0350, with a volume of 27,405 shares trading hands.

Analyst Ratings Changes

UFI has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Unifi from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Unifi in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Analysis on UFI

Unifi Stock Down 0.2%

The firm has a market capitalization of $74.55 million, a PE ratio of -8.91 and a beta of 0.72. The company has a fifty day moving average price of $3.76 and a 200-day moving average price of $3.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 3.12.

Unifi (NYSE:UFI – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.02. The business had revenue of $130.04 million for the quarter, compared to analysts’ expectations of $130.52 million. Unifi had a negative return on equity of 14.14% and a negative net margin of 1.50%. As a group, analysts expect that Unifi, Inc. will post -1.3 earnings per share for the current year.

Institutional Trading of Unifi

Several hedge funds have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of Unifi during the 4th quarter valued at about $78,000. Marshall Wace LLP purchased a new stake in shares of Unifi during the 4th quarter valued at about $116,000. Neuberger Berman Group LLC raised its position in shares of Unifi by 11.1% during the 4th quarter. Neuberger Berman Group LLC now owns 270,880 shares of the textile maker’s stock valued at $948,000 after buying an additional 27,158 shares in the last quarter. Jane Street Group LLC raised its position in shares of Unifi by 386.9% during the 4th quarter. Jane Street Group LLC now owns 58,311 shares of the textile maker’s stock valued at $204,000 after buying an additional 46,336 shares in the last quarter. Finally, Minerva Advisors LLC raised its position in shares of Unifi by 6.1% during the 4th quarter. Minerva Advisors LLC now owns 1,222,420 shares of the textile maker’s stock valued at $4,278,000 after buying an additional 69,939 shares in the last quarter. 67.67% of the stock is currently owned by hedge funds and other institutional investors.

About Unifi

(Get Free Report)

Unifi, Inc (NYSE: UFI) is a global manufacturer of polyester and nylon textured yarns and fibers, specializing in both virgin and recycled synthetic materials. Headquartered in Greensboro, North Carolina, the company serves a diverse range of end markets including apparel, athleisure, home furnishings, automotive and industrial applications. Unifi’s vertically integrated operations encompass polymer extrusion, spinning, texturing, and finishing processes designed to meet the performance and aesthetic requirements of its customers.

A key differentiator for Unifi is its REPREVE® brand, a family of certified recycled performance fibers made from post‐consumer plastic bottles and other waste streams.

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