Weiss Ratings Reiterates Sell (E+) Rating for Unifi (NYSE:UFI)

Key Points

• Weiss Ratings has reiterated a "sell (E+)" rating for Unifi (NYSE: UFI), indicating continued caution for investors regarding the stock.
• Despite the negative rating from Weiss, Wall Street Zen recently upgraded Unifi from a "sell" to a "hold" rating, reflecting mixed analyst sentiments.
• Unifi's stock price increased by 0.7%, closing at $4.72, while also reporting a net margin of -3.56% and a negative return on equity of -19.64% for the last quarter.

Unifi (NYSE:UFI - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Unifi from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Unifi Stock Up 0.7%

Shares of Unifi stock traded up $0.04 on Wednesday, hitting $4.72. 30,724 shares of the company's stock traded hands, compared to its average volume of 57,569. The stock has a market cap of $86.57 million, a P/E ratio of -4.14 and a beta of 0.61. The company has a quick ratio of 1.59, a current ratio of 3.32 and a debt-to-equity ratio of 0.38. The firm's 50-day moving average is $4.54 and its 200 day moving average is $4.76. Unifi has a 52-week low of $4.25 and a 52-week high of $7.55.

Unifi (NYSE:UFI - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The textile maker reported ($0.56) EPS for the quarter, topping analysts' consensus estimates of ($0.80) by $0.24. The firm had revenue of $138.54 million during the quarter, compared to the consensus estimate of $149.84 million. Unifi had a negative net margin of 3.56% and a negative return on equity of 19.64%. Equities analysts anticipate that Unifi will post -2.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Unifi during the first quarter valued at $64,000. XTX Topco Ltd acquired a new position in shares of Unifi during the second quarter valued at $80,000. Assenagon Asset Management S.A. acquired a new position in shares of Unifi during the third quarter valued at $92,000. Goldman Sachs Group Inc. acquired a new position in shares of Unifi during the first quarter valued at $96,000. Finally, BCS Private Wealth Management Inc. acquired a new position in shares of Unifi during the second quarter valued at $227,000. 67.67% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.