Unifi (NYSE:UFI) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Unifi, Inc. (NYSE:UFI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.16 and traded as high as $6.33. Unifi shares last traded at $6.03, with a volume of 73,537 shares changing hands.

Unifi Price Performance

The company has a 50 day moving average price of $5.81 and a 200 day moving average price of $6.17. The company has a current ratio of 3.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.46. The firm has a market cap of $111.25 million, a PE ratio of -2.64 and a beta of 0.75.

Hedge Funds Weigh In On Unifi

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Unifi by 5,775.3% in the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after purchasing an additional 10,973 shares in the last quarter. Barclays PLC lifted its stake in Unifi by 778.3% in the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock valued at $85,000 after buying an additional 10,172 shares in the last quarter. Factorial Partners LLC purchased a new stake in Unifi in the 2nd quarter valued at approximately $103,000. OneDigital Investment Advisors LLC grew its holdings in Unifi by 25.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after buying an additional 3,000 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Unifi during the third quarter worth $128,000. 67.67% of the stock is currently owned by hedge funds and other institutional investors.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.