Unifi (NYSE:UFI) Stock Rating Upgraded by Wall Street Zen

Unifi (NYSE:UFI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Unifi from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Unifi Trading Down 1.0%

UFI opened at $6.60 on Friday. The firm has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $5.03. Unifi has a fifty-two week low of $2.96 and a fifty-two week high of $8.47. The company has a market cap of $122.73 million, a price-to-earnings ratio of -4.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.33 and a quick ratio of 1.74.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Wednesday, August 19th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The firm had revenue of $144.22 million for the quarter, compared to analysts’ expectations of $139.75 million. Unifi had a negative net margin of 4.62% and a negative return on equity of 10.32%.

Institutional Investors Weigh In On Unifi

Several large investors have recently modified their holdings of UFI. Marquette Asset Management LLC bought a new position in shares of Unifi during the 2nd quarter valued at about $374,000. NewEdge Advisors LLC acquired a new position in shares of Unifi in the 2nd quarter valued at approximately $126,000. Finally, Minerva Advisors LLC increased its stake in Unifi by 6.1% during the 4th quarter. Minerva Advisors LLC now owns 1,222,420 shares of the textile maker’s stock worth $4,278,000 after purchasing an additional 69,939 shares in the last quarter. 67.67% of the stock is currently owned by institutional investors.

Unifi Company Profile

Unifi, Inc is a textile manufacturing company that produces and sells recycled and synthetic yarns. Its products include polyester and nylon yarns, as well as textured, twisted, covered and other specialty yarns used in apparel, home furnishings, automotive interiors and other industrial applications.

The company’s best-known brand is REPREVE, a line of recycled performance fibers made from post-consumer materials such as plastic bottles. REPREVE fibers are used by textile manufacturers and consumer brands seeking materials with recycled content and performance characteristics suitable for clothing, footwear, home goods and related products.

Founded in 1971, Unifi serves customers through manufacturing and distribution operations in the United States and international markets.