Uni-Fuels (NASDAQ:UFG) Trading Up 2.8% – Should You Buy?

Uni-Fuels Holdings Limited (NASDAQ:UFG) was up 2.8% on Wednesday . The company traded as high as $0.85 and last traded at $0.8018. Approximately 86,608 shares traded hands during trading, a decline of 89% from the average daily volume of 789,272 shares. The stock had previously closed at $0.78.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UFG shares. Wall Street Zen raised Uni-Fuels from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Uni-Fuels in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Uni-Fuels Price Performance

The stock has a fifty day moving average price of $0.82 and a 200-day moving average price of $0.94.

Uni-Fuels (NASDAQ:UFG) last announced its quarterly earnings results on Tuesday, May 26th. The company reported $999.00 earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that Uni-Fuels Holdings Limited will post 0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new position in shares of Uni-Fuels in the 3rd quarter valued at $106,000. Squarepoint Ops LLC purchased a new position in shares of Uni-Fuels in the 3rd quarter valued at $107,000. BNP Paribas Financial Markets purchased a new position in shares of Uni-Fuels in the 3rd quarter valued at $183,000. JPMorgan Chase & Co. purchased a new position in Uni-Fuels during the 3rd quarter worth $399,000. Finally, XTX Topco Ltd purchased a new position in Uni-Fuels during the 3rd quarter worth $566,000.

About Uni-Fuels

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.