Uni-Fuels (NASDAQ:UFG) Announces Earnings Results

Uni-Fuels (NASDAQ:UFG) issued its earnings results on Wednesday. The company reported ($0.10) EPS for the quarter, FiscalAI reports. The business had revenue of $74.63 million for the quarter.

Uni-Fuels Stock Down 0.8%

NASDAQ:UFG opened at $0.90 on Wednesday. Uni-Fuels has a 52-week low of $0.60 and a 52-week high of $11.00. The stock has a fifty day simple moving average of $0.97 and a 200-day simple moving average of $1.01.

Hedge Funds Weigh In On Uni-Fuels

Several hedge funds have recently added to or reduced their stakes in the business. Ground Swell Capital LLC purchased a new stake in shares of Uni-Fuels in the fourth quarter valued at about $61,000. Citadel Advisors LLC purchased a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $106,000. Squarepoint Ops LLC purchased a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $107,000. BNP Paribas Financial Markets acquired a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $183,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $399,000.

Analyst Ratings Changes

Several brokerages recently commented on UFG. Wall Street Zen upgraded shares of Uni-Fuels from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Uni-Fuels in a research report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Uni-Fuels

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.