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

Unifi, Inc. (NYSE:UFI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.18 and traded as high as $6.49. Unifi shares last traded at $6.30, with a volume of 72,855 shares.

Unifi Stock Performance

The firm’s 50 day moving average price is $5.72 and its 200-day moving average price is $6.19. The company has a quick ratio of 1.39, a current ratio of 3.29 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Minerva Advisors LLC lifted its position in Unifi by 11.2% during the third quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker’s stock valued at $5,947,000 after purchasing an additional 81,742 shares during the period. GSA Capital Partners LLP lifted its position in Unifi by 279.2% during the third quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock valued at $442,000 after purchasing an additional 44,332 shares during the period. Virtu Financial LLC bought a new position in Unifi during the third quarter valued at approximately $128,000. Assenagon Asset Management S.A. lifted its position in Unifi by 74.2% during the third quarter. Assenagon Asset Management S.A. now owns 39,259 shares of the textile maker’s stock valued at $288,000 after purchasing an additional 16,727 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Unifi by 5,775.3% during the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after buying an additional 10,973 shares during the last quarter. Institutional investors own 67.67% of the company’s stock.

Unifi Company Profile

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.