Unifi (NYSE:UFI) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Unifi, Inc. (NYSE:UFI)’s stock price passed 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 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, the stock currently has an average rating of “Sell”.

Unifi Stock Performance

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 firm’s fifty day moving average price is $4.21 and its two-hundred day moving average price is $3.93. The stock has a market capitalization of $92.56 million, a PE ratio of -11.07, a price-to-earnings-growth ratio of 4.52 and a beta of 0.72.

Unifi (NYSE:UFI) last released its quarterly earnings results on Tuesday, May 5th. The textile maker reported ($0.20) EPS 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 company had revenue of $130.04 million for the quarter, compared to analyst estimates of $130.52 million. As a group, equities research analysts forecast that Unifi, Inc. will post -1.3 EPS for the current year.

Institutional Investors Weigh In On Unifi

A number of institutional investors have recently modified their holdings of the business. Peapod Lane Capital LLC raised its holdings in Unifi by 1.0% in the 4th quarter. Peapod Lane Capital LLC now owns 452,513 shares of the textile maker’s stock worth $1,584,000 after purchasing an additional 4,259 shares during the period. Squarepoint Ops LLC purchased a new position in Unifi during the third quarter worth approximately $54,000. Jane Street Group LLC acquired a new stake in Unifi in the first quarter valued at approximately $64,000. XTX Topco Ltd acquired a new stake in Unifi in the second quarter valued at approximately $80,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Unifi in the first quarter valued at approximately $96,000. 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.