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

Shares of Unifi, Inc. (NYSE:UFI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.75 and traded as high as $4.14. Unifi shares last traded at $4.0350, with a volume of 27,405 shares.

Analysts Set New Price Targets

UFI has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a report on Monday, April 20th. Wall Street Zen raised Unifi from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Unifi Price Performance

The stock has a market capitalization of $75.01 million, a price-to-earnings ratio of -8.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 3.12. The company has a 50-day moving average of $3.75 and a 200-day moving average of $3.75.

Unifi (NYSE:UFI) last released its earnings results on Tuesday, May 5th. The textile maker reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.02. The firm had revenue of $130.04 million during the quarter, compared to analysts’ expectations of $130.52 million. Unifi had a negative net margin of 1.50% and a negative return on equity of 14.14%. As a group, equities research analysts expect that Unifi, Inc. will post -1.3 earnings per share for the current fiscal year.

Institutional Trading of Unifi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in Unifi in the 3rd quarter worth approximately $54,000. Jane Street Group LLC purchased a new stake in Unifi in the 1st quarter worth approximately $64,000. XTX Topco Ltd purchased a new stake in Unifi in the 2nd quarter worth approximately $80,000. Goldman Sachs Group Inc. purchased a new stake in Unifi in the 1st quarter worth approximately $96,000. Finally, Marshall Wace LLP purchased a new stake in Unifi in the 4th quarter worth approximately $116,000. 67.67% of the stock is owned by hedge funds and other institutional investors.

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.