Uni-Fuels (NASDAQ:UFG) Posts Quarterly Earnings Results

Uni-Fuels (NASDAQ:UFG) posted its quarterly earnings data on Tuesday. The company reported $999.00 earnings per share for the quarter, Zacks reports.

Uni-Fuels Stock Performance

Shares of UFG stock opened at $0.73 on Tuesday. The company has a 50 day moving average price of $0.86 and a 200 day moving average price of $0.97. Uni-Fuels has a fifty-two week low of $0.60 and a fifty-two week high of $11.00.

Hedge Funds Weigh In On Uni-Fuels

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in shares of Uni-Fuels in the third quarter worth $1,384,000. XTX Topco Ltd acquired a new stake in shares of Uni-Fuels in the third quarter valued at $566,000. JPMorgan Chase & Co. purchased a new position in Uni-Fuels in the third quarter valued at $399,000. BNP Paribas Financial Markets purchased a new position in Uni-Fuels in the third quarter valued at $183,000. Finally, Squarepoint Ops LLC acquired a new position in Uni-Fuels during the 3rd quarter worth $107,000.

Analyst Upgrades and Downgrades

A number of research firms have commented on UFG. Weiss Ratings restated a “sell (d)” rating on shares of Uni-Fuels in a research note on Friday, May 1st. Wall Street Zen upgraded Uni-Fuels from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Uni-Fuels presently has a consensus 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.