Uni-Fuels (NASDAQ:UFG) Stock Price Down 4.5% – Here’s Why

Shares of Uni-Fuels Holdings Limited (NASDAQ:UFG) dropped 4.5% during trading on Thursday . The stock traded as low as $1.2415 and last traded at $1.27. Approximately 509,776 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,963,659 shares. The stock had previously closed at $1.33.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Uni-Fuels in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Uni-Fuels Stock Performance

The stock has a 50 day moving average of $0.96.

Uni-Fuels (NASDAQ:UFG) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.00 earnings per share for the quarter. The company had revenue of $57.31 million for the quarter.

Institutional Trading of Uni-Fuels

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new position in Uni-Fuels during the 3rd quarter valued at about $106,000. Squarepoint Ops LLC acquired a new position in shares of Uni-Fuels during the third quarter valued at about $107,000. BNP Paribas Financial Markets purchased a new position in shares of Uni-Fuels in the 3rd quarter valued at approximately $183,000. Marex Group plc acquired a new stake in Uni-Fuels in the 2nd quarter worth approximately $105,000. Finally, JPMorgan Chase & Co. purchased a new stake in Uni-Fuels during the 3rd quarter worth approximately $399,000.

Uni-Fuels Company Profile

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.