Unifi (NYSE:UFI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Unifi, Inc. (NYSE:UFI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.05 and traded as high as $4.08. Unifi shares last traded at $3.9550, with a volume of 68,533 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UFI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Unifi in a research note on Wednesday, January 21st. Wall Street Zen upgraded Unifi from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Unifi Stock Performance

The firm has a market capitalization of $73.48 million, a P/E ratio of -3.16 and a beta of 0.77. The company’s 50 day moving average is $3.81 and its 200-day moving average is $4.05. The company has a quick ratio of 1.93, a current ratio of 3.99 and a debt-to-equity ratio of 0.40.

Unifi (NYSE:UFI) last posted its quarterly earnings results on Tuesday, February 3rd. The textile maker reported ($0.48) earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.09. The firm had revenue of $121.37 million during the quarter, compared to the consensus estimate of $120.18 million. Unifi had a negative net margin of 4.13% and a negative return on equity of 18.45%. As a group, equities analysts anticipate that Unifi, Inc. will post -2.25 EPS for the current year.

Insider Transactions at Unifi

In other news, Director Kenneth G. Langone acquired 40,451 shares of Unifi stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average price of $3.50 per share, with a total value of $141,578.50. Following the completion of the purchase, the director owned 2,466,245 shares of the company’s stock, valued at approximately $8,631,857.50. The trade was a 1.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 18.63% of the company’s stock.

Hedge Funds Weigh In On Unifi

A number of large investors have recently modified their holdings of UFI. 22NW LP increased its stake in Unifi by 34.2% during the 2nd quarter. 22NW LP now owns 981,535 shares of the textile maker’s stock valued at $5,124,000 after purchasing an additional 250,000 shares in the last quarter. Minerva Advisors LLC grew its holdings in shares of Unifi by 19.5% during the second quarter. Minerva Advisors LLC now owns 1,085,209 shares of the textile maker’s stock valued at $5,665,000 after buying an additional 177,435 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Unifi during the first quarter valued at about $96,000. XTX Topco Ltd bought a new stake in shares of Unifi during the fourth quarter worth about $78,000. Finally, Jane Street Group LLC acquired a new stake in shares of Unifi in the 1st quarter worth about $64,000. 67.67% of the stock is currently owned by institutional investors.

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.