Unifi (NYSE:UFI) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Shares of Unifi, Inc. (NYSE:UFI - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.26 and traded as low as $4.79. Unifi shares last traded at $4.82, with a volume of 34,898 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Unifi from a "hold" rating to a "sell" rating in a report on Thursday, May 8th.

Unifi Trading Down 0.5%

The firm has a market capitalization of $85.28 million, a price-to-earnings ratio of -2.13, a P/E/G ratio of 1.29 and a beta of 0.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.45 and a current ratio of 3.12. The business has a fifty day moving average price of $4.93 and a 200 day moving average price of $5.25.

Unifi (NYSE:UFI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The textile maker reported ($0.76) earnings per share for the quarter, topping analysts' consensus estimates of ($0.83) by $0.07. Unifi had a negative net margin of 6.74% and a negative return on equity of 16.67%. The firm had revenue of $146.56 million during the quarter, compared to analysts' expectations of $145.28 million. As a group, equities analysts forecast that Unifi, Inc. will post -2.25 earnings per share for the current year.

Hedge Funds Weigh In On Unifi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Unifi during the first quarter worth about $64,000. Goldman Sachs Group Inc. bought a new position in shares of Unifi during the first quarter worth about $96,000. OneDigital Investment Advisors LLC lifted its position in shares of Unifi by 53.3% during the fourth quarter. OneDigital Investment Advisors LLC now owns 23,000 shares of the textile maker's stock worth $144,000 after purchasing an additional 8,000 shares during the last quarter. Northern Trust Corp lifted its position in shares of Unifi by 22.4% during the fourth quarter. Northern Trust Corp now owns 65,179 shares of the textile maker's stock worth $407,000 after purchasing an additional 11,919 shares during the last quarter. Finally, 22NW LP bought a new position in shares of Unifi during the fourth quarter worth about $1,461,000. 67.67% of the stock is owned by hedge funds and other institutional investors.

About Unifi

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.