Shares of Unifi, Inc. (NYSE:UFI - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Unifi from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th.
Get Our Latest Research Report on Unifi
Unifi Stock Performance
The company has a 50-day simple moving average of $4.93 and a two-hundred day simple moving average of $5.25. The company has a quick ratio of 1.45, a current ratio of 3.12 and a debt-to-equity ratio of 0.56. The firm has a market cap of $85.96 million, a PE ratio of -2.15, a PEG ratio of 1.28 and a beta of 0.54.
Unifi (NYSE:UFI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The textile maker reported ($0.76) EPS for the quarter, beating analysts' consensus estimates of ($0.83) by $0.07. Unifi had a negative return on equity of 16.67% and a negative net margin of 6.74%. The firm had revenue of $146.56 million for the quarter, compared to analysts' expectations of $145.28 million. As a group, equities research analysts forecast that Unifi, Inc. will post -2.25 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of Unifi in the first quarter valued at approximately $96,000. Jane Street Group LLC purchased a new stake in Unifi during the 1st quarter worth about $64,000. 22NW LP lifted its holdings in Unifi by 212.9% during the 1st quarter. 22NW LP now owns 731,535 shares of the textile maker's stock worth $3,519,000 after purchasing an additional 497,758 shares in the last quarter. Minerva Advisors LLC lifted its holdings in Unifi by 6.1% during the 1st quarter. Minerva Advisors LLC now owns 907,774 shares of the textile maker's stock worth $4,366,000 after purchasing an additional 52,533 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in Unifi by 4.8% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,004,564 shares of the textile maker's stock worth $4,832,000 after purchasing an additional 46,401 shares in the last quarter. Hedge funds and other institutional investors own 67.67% of the company's stock.
Unifi Company Profile
(
Get Free Report)
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.
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