Uni-Fuels (NASDAQ:UFG) Announces Quarterly Earnings Results

Uni-Fuels (NASDAQ:UFG) posted its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $98.55 million for the quarter.

Uni-Fuels Stock Performance

UFG opened at $0.58 on Wednesday. Uni-Fuels has a 1 year low of $0.45 and a 1 year high of $11.00. The stock’s 50 day simple moving average is $0.64 and its 200 day simple moving average is $0.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Uni-Fuels in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Uni-Fuels currently has an average rating of “Sell”.

Hedge Funds Weigh In On Uni-Fuels

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd purchased a new stake in Uni-Fuels in the third quarter valued at approximately $1,384,000. Ground Swell Capital LLC acquired a new position in shares of Uni-Fuels during the 4th quarter worth about $61,000. XTX Topco Ltd purchased a new position in Uni-Fuels during the 3rd quarter worth $566,000. JPMorgan Chase & Co. purchased a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $399,000. Finally, BNP Paribas Financial Markets acquired a new position in Uni-Fuels during the third quarter worth about $183,000.

Uni-Fuels Company Profile

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.