Unifi (NYSE:UFI) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Unifi, Inc. (NYSE:UFI - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.34 and traded as low as $4.86. Unifi shares last traded at $4.91, with a volume of 46,481 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Unifi from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th.

Unifi Price Performance

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 50 day simple moving average of $4.97 and a 200-day simple moving average of $5.33. The firm has a market cap of $88.44 million, a price-to-earnings ratio of -2.23 and a beta of 0.53.

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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $146.56 million during the quarter, compared to the consensus estimate of $145.28 million. Equities research analysts expect that Unifi, Inc. will post -2.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UFI. Jane Street Group LLC bought a new position in shares of Unifi during the 1st quarter worth approximately $64,000. Goldman Sachs Group Inc. bought a new position in shares of Unifi in the first quarter valued at approximately $96,000. OneDigital Investment Advisors LLC increased 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 valued at $144,000 after acquiring an additional 8,000 shares during the last quarter. Northern Trust Corp lifted its holdings in 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 acquiring an additional 11,919 shares during the period. Finally, 22NW LP purchased a new position in Unifi in the fourth quarter worth $1,461,000. 67.67% of the stock is currently 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.