Uni-Fuels (NASDAQ:UFG) Releases Earnings Results

Uni-Fuels (NASDAQ:UFG) issued its earnings results on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $74.63 million during the quarter.

Uni-Fuels Stock Down 1.1%

NASDAQ UFG opened at $0.95 on Friday. Uni-Fuels has a 1-year low of $0.60 and a 1-year high of $11.00. The business has a 50 day moving average price of $0.97 and a 200 day moving average price of $1.01.

Hedge Funds Weigh In On Uni-Fuels

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in Uni-Fuels during the third quarter worth $399,000. Squarepoint Ops LLC purchased a new position in Uni-Fuels during the third quarter worth $107,000. BNP Paribas Financial Markets purchased a new position in Uni-Fuels during the third quarter worth $183,000. XTX Topco Ltd purchased a new position in Uni-Fuels during the third quarter worth $566,000. Finally, Quadrature Capital Ltd purchased a new position in Uni-Fuels during the third quarter worth $1,384,000.

Analyst Upgrades and Downgrades

UFG has been the subject of a number of analyst reports. Wall Street Zen raised Uni-Fuels from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Uni-Fuels in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.