Unifi (NYSE:UFI) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Unifi, Inc. (NYSE:UFI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.79 and traded as high as $4.16. Unifi shares last traded at $4.1150, with a volume of 54,088 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Unifi in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Unifi presently has an average rating of “Sell”.

Unifi Stock Performance

The firm has a market cap of $76.22 million, a PE ratio of -9.11 and a beta of 0.75. The firm has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $3.79. The company has a quick ratio of 1.59, a current ratio of 3.12 and a debt-to-equity ratio of 0.35.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Tuesday, May 5th. The textile maker reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.02. The firm had revenue of $130.04 million for the quarter, compared to the consensus estimate of $130.52 million. Unifi had a negative return on equity of 14.14% and a negative net margin of 1.50%. Research analysts forecast that Unifi, Inc. will post -1.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC increased its position in Unifi by 131.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 53,265 shares of the textile maker’s stock worth $186,000 after purchasing an additional 30,214 shares during the last quarter. XTX Topco Ltd purchased a new position in Unifi during the fourth quarter worth about $78,000. Neuberger Berman Group LLC boosted its holdings in Unifi by 11.1% in the 4th quarter. Neuberger Berman Group LLC now owns 270,880 shares of the textile maker’s stock valued at $948,000 after purchasing an additional 27,158 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Unifi by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock valued at $3,479,000 after purchasing an additional 21,195 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in Unifi by 386.9% in the 4th quarter. Jane Street Group LLC now owns 58,311 shares of the textile maker’s stock valued at $204,000 after purchasing an additional 46,336 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company’s stock.

About Unifi

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.