Uni-Fuels (NASDAQ:UFG) Issues Quarterly Earnings Results

Uni-Fuels (NASDAQ:UFG) issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $98.55 million during the quarter.

Uni-Fuels Price Performance

Shares of NASDAQ UFG traded down $0.01 during mid-day trading on Thursday, hitting $0.32. 15,378 shares of the company were exchanged, compared to its average volume of 997,821. The stock has a 50 day simple moving average of $0.48 and a 200-day simple moving average of $0.78. Uni-Fuels has a 1-year low of $0.30 and a 1-year high of $1.56.

Hedge Funds Weigh In On Uni-Fuels

A hedge fund recently bought a new stake in Uni-Fuels stock. Ground Swell Capital LLC bought a new position in Uni-Fuels Holdings Limited (NASDAQ:UFG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 89,803 shares of the company’s stock, valued at approximately $61,000. Ground Swell Capital LLC owned 0.28% of Uni-Fuels as of its most recent filing with the Securities and Exchange Commission.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Uni-Fuels in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of “Sell”.

Uni-Fuels Company Profile

Uni-Fuels Holdings Limited is a Singapore-based marine fuel solutions provider focused on supplying and trading bunker fuel for commercial vessels. The company helps shipowners and operators procure the fuels needed to power their fleets and coordinates related delivery and logistical services.

Uni-Fuels serves customers in the international shipping industry, supporting vessels operating across major global maritime markets. Its activities include marine fuel sourcing, supplier coordination, and the arrangement of fuel deliveries at ports and other locations.

The company’s business is centered on facilitating marine fuel transactions between fuel suppliers and vessel operators, with an emphasis on serving small and midsized participants in the shipping sector.