Unifi (NYSE:UFI) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Unifi, Inc. (NYSE:UFI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.18 and traded as low as $3.89. Unifi shares last traded at $4.0340, with a volume of 57,586 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on UFI. Weiss Ratings reissued a “sell (e+)” rating on shares of Unifi in a research note on Wednesday, October 8th. Wall Street Zen upgraded Unifi to a “sell” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Unifi Trading Up 2.6%

The company has a current ratio of 3.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. The firm has a market cap of $74.06 million, a price-to-earnings ratio of -3.01 and a beta of 0.69. The company has a fifty day moving average price of $3.50 and a 200-day moving average price of $4.18.

Unifi (NYSE:UFI) last announced its earnings results on Tuesday, November 4th. The textile maker reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.60) by $0.04. Unifi had a negative net margin of 4.30% and a negative return on equity of 21.13%. The company had revenue of $135.67 million during the quarter, compared to the consensus estimate of $140.23 million. As a group, research analysts expect that Unifi, Inc. will post -2.25 EPS for the current year.

Insider Transactions at Unifi

In other news, Director Kenneth G. Langone bought 25,811 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was acquired at an average cost of $3.42 per share, with a total value of $88,273.62. Following the completion of the purchase, the director owned 2,492,056 shares of the company’s stock, valued at $8,522,831.52. This represents a 1.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 18.63% of the company’s stock.

Institutional Investors Weigh In On Unifi

Several hedge funds have recently bought and sold shares of UFI. 22NW LP lifted its stake in Unifi by 34.2% during the second quarter. 22NW LP now owns 981,535 shares of the textile maker’s stock worth $5,124,000 after purchasing an additional 250,000 shares during the last quarter. Minerva Advisors LLC boosted its stake in shares of Unifi by 19.5% in the 2nd quarter. Minerva Advisors LLC now owns 1,085,209 shares of the textile maker’s stock valued at $5,665,000 after purchasing an additional 177,435 shares in the last quarter. Azarias Capital Management L.P. grew its stake in shares of Unifi by 20.9% during the third quarter. Azarias Capital Management L.P. now owns 812,558 shares of the textile maker’s stock worth $3,868,000 after buying an additional 140,572 shares during the last quarter. Peapod Lane Capital LLC boosted its stake in shares of Unifi by 10.2% during the second quarter. Peapod Lane Capital LLC now owns 564,360 shares of the textile maker’s stock valued at $2,946,000 after purchasing an additional 52,008 shares in the last quarter. Finally, BCS Private Wealth Management Inc. bought a new stake in Unifi during the 2nd quarter worth approximately $227,000. 67.67% of the stock is currently owned by institutional investors and hedge funds.

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.