Uni-Fuels (NASDAQ:UFG) Stock Price Down 3.6% – What’s Next?

Uni-Fuels Holdings Limited (NASDAQ:UFG) shares traded down 3.6% on Friday . The company traded as low as $0.9201 and last traded at $0.9638. 280,492 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 501,552 shares. The stock had previously closed at $1.00.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Uni-Fuels in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Uni-Fuels Price Performance

The company has a 50 day simple moving average of $1.01 and a 200-day simple moving average of $2.57.

Uni-Fuels (NASDAQ:UFG) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $57.31 million during the quarter.

Hedge Funds Weigh In On Uni-Fuels

Several institutional investors and hedge funds have recently bought and sold shares of UFG. Ground Swell Capital LLC bought a new stake in Uni-Fuels in the fourth quarter valued at approximately $61,000. Marex Group plc purchased a new position in shares of Uni-Fuels in the second quarter worth $105,000. Citadel Advisors LLC bought a new stake in Uni-Fuels during the 3rd quarter valued at $106,000. Squarepoint Ops LLC bought a new stake in Uni-Fuels during the 3rd quarter valued at $107,000. Finally, BNP Paribas Financial Markets bought a new stake in Uni-Fuels in the 3rd quarter worth $183,000.

About Uni-Fuels

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.