Unifi (NYSE:UFI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Unifi, Inc. (NYSE:UFI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.81 and traded as high as $4.20. Unifi shares last traded at $4.14, with a volume of 122,319 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Unifi in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Unifi Stock Up 0.2%

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 firm has a market cap of $76.96 million, a price-to-earnings ratio of -9.20 and a beta of 0.75. The business’s 50 day moving average price is $3.95 and its 200 day moving average price is $3.81.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new stake in shares of Unifi during the 3rd quarter worth about $54,000. Jane Street Group LLC purchased a new position in shares of Unifi in the 1st quarter valued at about $64,000. XTX Topco Ltd acquired a new position in Unifi in the 4th quarter worth about $78,000. Goldman Sachs Group Inc. acquired a new position in Unifi in the 1st quarter worth about $96,000. Finally, Marshall Wace LLP purchased a new position in Unifi during the fourth quarter worth approximately $116,000. Institutional investors and hedge funds own 67.67% of the company’s stock.

Unifi Company Profile

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.