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

Shares of Unifi, Inc. (NYSE:UFI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.79 and traded as high as $4.16. Unifi shares last traded at $4.1150, with a volume of 54,088 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Unifi in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Unifi currently has a consensus rating of “Sell”.

Unifi Price Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 3.12 and a quick ratio of 1.59. The firm has a fifty day moving average of $3.89 and a two-hundred day moving average of $3.79. The stock has a market capitalization of $76.50 million, a P/E ratio of -9.14 and a beta of 0.75.

Unifi (NYSE:UFI) last released its quarterly earnings data 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. The firm had revenue of $130.04 million during the quarter, compared to the consensus estimate of $130.52 million. Unifi had a negative return on equity of 14.14% and a negative net margin of 1.50%. On average, analysts predict that Unifi, Inc. will post -1.3 EPS for the current year.

Hedge Funds Weigh In On Unifi

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Minerva Advisors LLC grew its stake in Unifi by 6.1% in the fourth quarter. Minerva Advisors LLC now owns 1,222,420 shares of the textile maker’s stock valued at $4,278,000 after purchasing an additional 69,939 shares during the last quarter. Azarias Capital Management L.P. grew its stake in Unifi by 11.3% in the fourth quarter. Azarias Capital Management L.P. now owns 904,013 shares of the textile maker’s stock valued at $3,164,000 after purchasing an additional 91,455 shares during the last quarter. Vanguard Group Inc. grew its stake in Unifi by 3.0% in the third quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock valued at $3,479,000 after purchasing an additional 21,195 shares during the last quarter. Peapod Lane Capital LLC grew its stake in Unifi by 1.0% in the fourth quarter. Peapod Lane Capital LLC now owns 452,513 shares of the textile maker’s stock valued at $1,584,000 after purchasing an additional 4,259 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Unifi by 11.1% in the fourth quarter. Neuberger Berman Group LLC now owns 270,880 shares of the textile maker’s stock valued at $948,000 after purchasing an additional 27,158 shares during the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

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.