Unifi (NYSE:UFI) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Unifi, Inc. (NYSE:UFI)’s share price crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $5.45 and traded as high as $5.49. Unifi shares last traded at $5.4520, with a volume of 63,349 shares.

Wall Street Analyst Weigh In

Several equities analysts have commented on UFI shares. Weiss Ratings restated a “sell (d-)” rating on shares of Unifi in a research note on Tuesday, October 6th. Wall Street Zen upgraded Unifi from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Unifi Stock Up 0.5%

The firm has a market cap of $102.15 million, a PE ratio of -4.13 and a beta of 0.72. The company has a current ratio of 3.33, a quick ratio of 1.74 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $6.71 and a 200-day moving average price of $5.45.

Unifi (NYSE:UFI) last released its earnings results on Wednesday, August 19th. The textile maker reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The firm had revenue of $144.22 million for the quarter, compared to analyst estimates of $139.75 million. Unifi had a negative net margin of 4.62% and a negative return on equity of 10.32%.

Hedge Funds Weigh In On Unifi

An institutional investor recently bought a new stake in Unifi stock. Marquette Asset Management LLC acquired a new position in shares of Unifi, Inc. (NYSE:UFI) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 78,778 shares of the textile maker’s stock, valued at approximately $374,000. Marquette Asset Management LLC owned approximately 0.42% of Unifi as of its most recent filing with the SEC. 67.67% of the stock is currently owned by institutional investors.

About Unifi

Unifi, Inc is a textile manufacturing company that produces synthetic and recycled yarns for customers in the apparel, hosiery, home furnishings, automotive, industrial and other consumer markets. Its products include polyester and nylon textured yarns, staple fiber and related value-added textile materials used in fabrics and finished goods.

The company is best known for its REPREVE brand, which transforms recycled plastic bottles and other materials into performance fibers. REPREVE fibers are used in products designed to offer attributes such as moisture management, stretch, softness, thermal performance and enhanced durability.