Unifi (NYSE:UFI) Share Price Passes Below 200 Day Moving Average – What’s Next?

Unifi, Inc. (NYSE:UFI)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.29 and traded as low as $3.42. Unifi shares last traded at $3.50, with a volume of 116,997 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on UFI shares. Wall Street Zen raised Unifi to a “sell” rating in a report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Unifi Stock Down 0.3%

The company has a market capitalization of $64.06 million, a price-to-earnings ratio of -2.60 and a beta of 0.69. The business has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $4.28. The company has a quick ratio of 1.68, a current ratio of 3.59 and a debt-to-equity ratio of 0.45.

Unifi (NYSE:UFI) last issued its earnings results on Tuesday, November 4th. The textile maker reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.04. The business had revenue of $135.67 million during the quarter, compared to analysts’ expectations of $140.23 million. Unifi had a negative return on equity of 21.13% and a negative net margin of 4.30%. Equities analysts expect that Unifi, Inc. will post -2.25 EPS for the current year.

Insider Activity

In related news, Director Kenneth G. Langone acquired 40,451 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was bought at an average cost of $3.50 per share, with a total value of $141,578.50. Following the completion of the acquisition, the director owned 2,466,245 shares in the company, valued at $8,631,857.50. The trade was a 1.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 18.63% of the company’s stock.

Institutional Trading of Unifi

Large investors have recently made changes to their positions in the business. Squarepoint Ops LLC bought a new position in shares of Unifi in the third quarter valued at about $54,000. Jane Street Group LLC acquired a new stake in Unifi in the 1st quarter valued at about $64,000. XTX Topco Ltd acquired a new stake in Unifi in the 2nd quarter valued at about $80,000. Assenagon Asset Management S.A. bought a new position in shares of Unifi in the third quarter worth about $92,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Unifi during the first quarter worth approximately $96,000. Institutional investors own 67.67% of the company’s stock.

Unifi Company Profile

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.