Unifi (NYSE:UFI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Unifi (NYSE:UFI) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Unifi from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Unifi Price Performance

UFI stock opened at $6.67 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 1.74. Unifi has a 1-year low of $2.96 and a 1-year high of $8.47. The firm has a fifty day moving average price of $6.87 and a two-hundred day moving average price of $5.05. The firm has a market cap of $123.99 million, a price-to-earnings ratio of -5.02 and a beta of 0.71.

Unifi (NYSE:UFI) last posted its quarterly earnings results on Wednesday, August 19th. The textile maker reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). Unifi had a negative net margin of 4.62% and a negative return on equity of 10.32%. The business had revenue of $144.22 million during the quarter, compared to analyst estimates of $139.75 million.

Hedge Funds Weigh In On Unifi

Several hedge funds and other institutional investors have recently modified their holdings of the company. Minerva Advisors LLC grew its position in shares of Unifi by 6.1% during the fourth quarter. Minerva Advisors LLC now owns 1,222,420 shares of the textile maker’s stock worth $4,278,000 after acquiring an additional 69,939 shares during the last quarter. Marquette Asset Management LLC bought a new stake in Unifi in the 2nd quarter valued at about $374,000. Finally, NewEdge Advisors LLC acquired a new position in Unifi during the 2nd quarter valued at about $126,000. Institutional investors and hedge funds own 67.67% of the company’s stock.

About Unifi

Unifi, Inc is a textile manufacturing company that produces and sells recycled and synthetic yarns. Its products include polyester and nylon yarns, as well as textured, twisted, covered and other specialty yarns used in apparel, home furnishings, automotive interiors and other industrial applications.

The company’s best-known brand is REPREVE, a line of recycled performance fibers made from post-consumer materials such as plastic bottles. REPREVE fibers are used by textile manufacturers and consumer brands seeking materials with recycled content and performance characteristics suitable for clothing, footwear, home goods and related products.

Founded in 1971, Unifi serves customers through manufacturing and distribution operations in the United States and international markets.