Unifi (NYSE:UFI) Stock Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Unifi shares briefly moved above their 200-day moving average, reaching $5.49 before last trading near $5.45. However, the stock remains below its 50-day average of $6.73.
• Analyst sentiment is generally negative: Unifi has an average “Sell” rating, despite one firm upgrading the stock to “Buy.”
• The company met quarterly earnings expectations with a loss of $0.06 per share and reported revenue of $144.22 million, above estimates, but continues to show negative profitability metrics including a negative net margin and return on equity.

Unifi, Inc. (NYSE:UFI - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $5.45 and traded as high as $5.49. Unifi shares last traded at $5.4520, with a volume of 63,349 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Unifi from a "hold" rating to a "buy" rating in a report on Saturday, September 19th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Unifi in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of "Sell".

Unifi Stock Performance

The company has a quick ratio of 1.74, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $101.35 million, a PE ratio of -4.10 and a beta of 0.72. The stock's fifty day simple moving average is $6.73 and its 200-day simple moving average is $5.45.

Unifi (NYSE:UFI - Get Free Report) last posted its earnings results on Wednesday, August 19th. The textile maker reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Unifi had a negative return on equity of 10.32% and a negative net margin of 4.62%. The company had revenue of $144.22 million for the quarter, compared to analyst estimates of $139.75 million.

Hedge Funds Weigh In On Unifi

An institutional investor recently bought a new stake in Unifi stock. Marquette Asset Management LLC acquired a new stake in Unifi, Inc. (NYSE:UFI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 78,778 shares of the textile maker's stock, valued at approximately $374,000. Marquette Asset Management LLC owned approximately 0.42% of Unifi as of its most recent SEC filing. 67.67% of the stock is currently owned by institutional investors.

About Unifi

Unifi, Inc is a textile manufacturing company that produces and processes synthetic and recycled yarns. Its product portfolio includes polyester and nylon yarns used in apparel, home furnishings, automotive products, and other industrial and consumer applications.

The company is best known for REPREVE, a branded fiber made from recycled materials, including post-consumer plastic bottles. Unifi converts recycled and virgin materials into value-added yarns through processes such as texturing, twisting, covering, dyeing, and finishing.

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