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

Unifi, Inc. (NYSE:UFI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.81 and traded as high as $4.20. Unifi shares last traded at $4.14, with a volume of 122,319 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Unifi in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Unifi currently has a consensus rating of “Sell”.

Unifi Stock Performance

The firm has a fifty day moving average price of $3.95 and a 200 day moving average price of $3.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.59 and a current ratio of 3.12. The stock has a market cap of $76.96 million, a PE ratio of -9.20 and a beta of 0.75.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Tuesday, May 5th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.02. The firm had revenue of $130.04 million for the quarter, compared to the consensus estimate of $130.52 million. Unifi had a negative net margin of 1.50% and a negative return on equity of 14.14%. Research analysts forecast that Unifi, Inc. will post -1.3 earnings per share for the current fiscal year.

Institutional Trading of Unifi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UFI. Peapod Lane Capital LLC increased its holdings in shares of Unifi by 1.0% in the fourth quarter. Peapod Lane Capital LLC now owns 452,513 shares of the textile maker’s stock valued at $1,584,000 after purchasing an additional 4,259 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Unifi in the third quarter worth about $54,000. Jane Street Group LLC acquired a new stake in shares of Unifi during the first quarter worth about $64,000. XTX Topco Ltd acquired a new stake in shares of Unifi during the second quarter worth about $80,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Unifi in the first quarter valued at approximately $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.