Unifi (NYSE:UFI) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Unifi, Inc. (NYSE:UFI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.07 and traded as high as $4.16. Unifi shares last traded at $4.03, with a volume of 48,401 shares.

Analyst Upgrades and Downgrades

UFI has been the topic of a number of research reports. Wall Street Zen raised Unifi from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Unifi in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Unifi currently has a consensus rating of “Sell”.

Unifi Stock Up 1.1%

The company has a market cap of $75.34 million, a P/E ratio of -3.24 and a beta of 0.77. The stock has a 50-day moving average of $3.75 and a 200 day moving average of $4.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.99 and a quick ratio of 1.93.

Unifi (NYSE:UFI) last announced its quarterly earnings data on Tuesday, February 3rd. The textile maker reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.09. The firm had revenue of $121.37 million for the quarter, compared to the consensus estimate of $120.18 million. Unifi had a negative net margin of 4.13% and a negative return on equity of 18.45%. Research analysts anticipate that Unifi, Inc. will post -2.25 earnings per share for the current year.

Insider Buying and Selling

In other Unifi news, Director Kenneth G. Langone bought 40,451 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average cost of $3.50 per share, for a total transaction of $141,578.50. Following the completion of the purchase, the director directly owned 2,466,245 shares of the company’s stock, valued at approximately $8,631,857.50. This trade represents a 1.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 18.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Unifi

A number of institutional investors have recently modified their holdings of the business. Peapod Lane Capital LLC boosted its stake in Unifi by 1.0% in the fourth quarter. Peapod Lane Capital LLC now owns 452,513 shares of the textile maker’s stock valued at $1,584,000 after buying an additional 4,259 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Unifi in the third quarter worth about $54,000. Jane Street Group LLC bought a new position in shares of Unifi in the first quarter worth about $64,000. XTX Topco Ltd acquired a new stake in shares of Unifi in the 2nd quarter valued at approximately $80,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Unifi during the 3rd quarter valued at approximately $92,000. Institutional investors and hedge funds own 67.67% of the company’s stock.

About Unifi

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.