Unifi (NYSE:UFI) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Shares of Unifi, Inc. (NYSE:UFI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.05 and traded as high as $4.08. Unifi shares last traded at $3.9550, with a volume of 68,533 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on UFI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Unifi in a research note on Wednesday, January 21st. Wall Street Zen upgraded Unifi from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Unifi Stock Down 1.1%

The stock has a 50-day moving average of $3.81 and a 200 day moving average of $4.05. The company has a market capitalization of $73.48 million, a PE ratio of -3.16 and a beta of 0.77. The company has a quick ratio of 1.93, a current ratio of 3.99 and a debt-to-equity ratio of 0.40.

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, beating analysts’ consensus estimates of ($0.57) by $0.09. Unifi had a negative return on equity of 18.45% and a negative net margin of 4.13%.The firm had revenue of $121.37 million during the quarter, compared to the consensus estimate of $120.18 million. Sell-side analysts anticipate that Unifi, Inc. will post -2.25 EPS for the current year.

Insider Transactions at Unifi

In related news, Director Kenneth G. Langone acquired 25,811 shares of the stock in a transaction on Thursday, December 4th. The shares were acquired at an average price of $3.42 per share, with a total value of $88,273.62. Following the completion of the transaction, the director owned 2,492,056 shares in the company, valued at approximately $8,522,831.52. The trade was a 1.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 18.63% of the company’s stock.

Institutional Investors Weigh In On Unifi

Several large investors have recently modified their holdings of the stock. Peapod Lane Capital LLC raised its holdings in shares of Unifi by 1.0% in the 4th quarter. Peapod Lane Capital LLC now owns 452,513 shares of the textile maker’s stock worth $1,584,000 after purchasing an additional 4,259 shares during the period. Squarepoint Ops LLC bought a new position in Unifi during the third quarter valued at $54,000. Jane Street Group LLC purchased a new stake in Unifi in the first quarter worth $64,000. XTX Topco Ltd purchased a new stake in Unifi in the second quarter worth $80,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Unifi in the third quarter worth $92,000. Hedge funds and other institutional investors 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.