Unifi (NYSE:UFI) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Unifi, Inc. (NYSE:UFI) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.21 and traded as high as $5.00. Unifi shares last traded at $4.98, with a volume of 79,432 shares.

Analyst Upgrades and Downgrades

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

Unifi Price Performance

The stock’s fifty day moving average price is $4.21 and its 200-day moving average price is $3.93. The firm has a market cap of $92.56 million, a PE ratio of -11.07, a price-to-earnings-growth ratio of 4.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.12 and a quick ratio of 1.59.

Unifi (NYSE:UFI) last posted its quarterly earnings results on Tuesday, May 5th. The textile maker reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $130.52 million. As a group, equities analysts expect that Unifi, Inc. will post -1.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Unifi

Several hedge funds and other institutional investors have recently made changes to their positions in UFI. Vanguard Group Inc. lifted its position in Unifi by 3.0% during the third quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock worth $3,479,000 after buying an additional 21,195 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Unifi by 11.1% in the 4th quarter. Neuberger Berman Group LLC now owns 270,880 shares of the textile maker’s stock valued at $948,000 after buying an additional 27,158 shares in the last quarter. Jane Street Group LLC grew its holdings in Unifi by 386.9% in the 4th quarter. Jane Street Group LLC now owns 58,311 shares of the textile maker’s stock valued at $204,000 after buying an additional 46,336 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Unifi in the 4th quarter worth $116,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Unifi in the 1st quarter worth $96,000. 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.