Unifi (NYSE:UFI) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Unifi, Inc. (NYSE:UFI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.09 and traded as high as $6.39. Unifi shares last traded at $6.1580, with a volume of 85,448 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Unifi from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Wall Street Zen raised shares of Unifi to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Unifi Stock Performance

The company has a quick ratio of 1.59, a current ratio of 3.12 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $4.60 and a 200 day moving average price of $4.09. The stock has a market cap of $114.48 million, a PE ratio of -13.68, a P/E/G ratio of 5.85 and a beta of 0.72.

Unifi (NYSE:UFI) last issued 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 return on equity of 14.14% and a negative net margin of 1.50%.The company had revenue of $130.04 million during the quarter, compared to analysts’ expectations of $130.52 million. Analysts expect that Unifi, Inc. will post -1.3 earnings per share for the current year.

Institutional Trading of Unifi

A number of institutional investors have recently made changes to their positions in the stock. Minerva Advisors LLC grew its holdings in shares of Unifi by 6.1% in the fourth quarter. Minerva Advisors LLC now owns 1,222,420 shares of the textile maker’s stock worth $4,278,000 after purchasing an additional 69,939 shares during the last quarter. Azarias Capital Management L.P. increased its stake in shares of Unifi by 11.3% in the fourth quarter. Azarias Capital Management L.P. now owns 904,013 shares of the textile maker’s stock worth $3,164,000 after buying an additional 91,455 shares during the period. Vanguard Group Inc. raised its holdings in Unifi by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock valued at $3,479,000 after buying an additional 21,195 shares during the last quarter. Peapod Lane Capital LLC raised its holdings in Unifi by 1.0% during the 4th quarter. Peapod Lane Capital LLC now owns 452,513 shares of the textile maker’s stock valued at $1,584,000 after buying an additional 4,259 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Unifi by 11.1% during the 4th quarter. Neuberger Berman Group LLC now owns 270,880 shares of the textile maker’s stock valued at $948,000 after buying an additional 27,158 shares during the period. Hedge funds and other institutional investors 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.