Unifi (NYSE:UFI) Stock Passes Above 50-Day Moving Average – Should You Sell?

Unifi, Inc. (NYSE:UFI)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $4.21 and traded as high as $5.00. Unifi shares last traded at $4.98, with a volume of 79,432 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Unifi Trading Up 1.2%

The company has a market cap of $97.47 million, a P/E ratio of -11.65, a PEG ratio of 4.80 and a beta of 0.72. The company has a current ratio of 3.12, a quick ratio of 1.59 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $4.27 and a 200-day moving average price of $3.95.

Unifi (NYSE:UFI) last released its earnings results on Tuesday, May 5th. The textile maker reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.02. Unifi had a negative net margin of 1.50% and a negative return on equity of 14.14%. The business had revenue of $130.04 million during the quarter, compared to analysts’ expectations of $130.52 million. Analysts forecast that Unifi, Inc. will post -1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unifi

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in Unifi in the 3rd quarter valued at about $54,000. Jane Street Group LLC bought a new stake in shares of Unifi during the first quarter worth approximately $64,000. XTX Topco Ltd bought a new stake in Unifi in the 4th quarter valued at $78,000. Goldman Sachs Group Inc. acquired a new position in Unifi in the 1st quarter valued at $96,000. Finally, Marshall Wace LLP acquired a new position in Unifi in the 4th quarter valued at $116,000. Institutional investors and hedge funds own 67.67% of the company’s stock.

Unifi Company Profile

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.