Unifi (NYSE:UFI) Stock Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• UFI fell below its 200-day moving average, trading as low as $3.54 and last at $3.59 versus the 200-day MA of $3.90, signaling a technical bearish move.
• Analyst sentiment is weak with a MarketBeat consensus rating of "Sell" (one recent upgrade to Hold notwithstanding), reflecting cautious Wall Street views on the stock.
• Fundamentals show a small market cap (~$66.7M) and persistent losses—Unifi reported a slight EPS beat (-$0.48 vs. -$0.57) but has negative margins and analysts expect further negative EPS (~-2.25 for the year).

Unifi, Inc. (NYSE:UFI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.90 and traded as low as $3.54. Unifi shares last traded at $3.59, with a volume of 20,196 shares changing hands.

Wall Street Analyst Weigh In

UFI has been the topic of several analyst reports. Wall Street Zen upgraded Unifi from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Weiss Ratings restated a "sell (e+)" rating on shares of Unifi in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

Unifi Stock Performance

The company has a current ratio of 3.99, a quick ratio of 1.93 and a debt-to-equity ratio of 0.40. The business's 50 day moving average is $3.86 and its two-hundred day moving average is $3.90. The company has a market cap of $66.70 million, a PE ratio of -2.87 and a beta of 0.73.

Unifi (NYSE:UFI - Get Free Report) last released its earnings results on Tuesday, February 3rd. The textile maker reported ($0.48) earnings per share for the quarter, beating analysts' consensus estimates of ($0.57) by $0.09. Unifi had a negative net margin of 4.13% and a negative return on equity of 18.45%. The company had revenue of $121.37 million for the quarter, compared to analysts' expectations of $120.18 million. On average, equities research analysts anticipate that Unifi, Inc. will post -2.25 EPS for the current year.

Hedge Funds Weigh In On Unifi

Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Unifi in the 2nd quarter worth $80,000. Jane Street Group LLC purchased a new stake in Unifi in the 1st quarter worth $64,000. Squarepoint Ops LLC purchased a new stake in Unifi in the 3rd quarter worth $54,000. Minerva Advisors LLC lifted its stake in Unifi by 6.1% in the 4th quarter. Minerva Advisors LLC now owns 1,222,420 shares of the textile maker's stock worth $4,278,000 after purchasing an additional 69,939 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in Unifi by 131.1% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 53,265 shares of the textile maker's stock worth $186,000 after purchasing an additional 30,214 shares in the last quarter. 67.67% of the stock is owned by hedge funds and other institutional investors.

About Unifi

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.

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