Unifi (NYSE:UFI) Shares Cross Above 200-Day Moving Average – Should You Sell?

Unifi, Inc. (NYSE:UFI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.09 and traded as high as $6.39. Unifi shares last traded at $6.1580, with a volume of 85,448 shares.

Wall Street Analysts Forecast Growth

UFI has been the subject of several recent research reports. Wall Street Zen upgraded shares of Unifi to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Unifi from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Unifi Price Performance

The company has a market cap of $118.40 million, a PE ratio of -14.15, a price-to-earnings-growth ratio of 5.70 and a beta of 0.72. The company has a quick ratio of 1.59, a current ratio of 3.12 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $4.64 and a 200-day simple moving average of $4.11.

Unifi (NYSE:UFI) last released its quarterly earnings results on Tuesday, May 5th. The textile maker reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.02. Unifi had a negative net margin of 1.50% and a negative return on equity of 14.14%. The business had revenue of $130.04 million during the quarter, compared to analyst estimates of $130.52 million. As a group, research analysts predict that Unifi, Inc. will post -1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Unifi

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Peapod Lane Capital LLC boosted its position 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 in the last quarter. Squarepoint Ops LLC purchased a new position in Unifi during the 3rd quarter worth $54,000. Jane Street Group LLC acquired a new position in Unifi during the 1st quarter valued at about $64,000. XTX Topco Ltd purchased a new stake in Unifi in the second quarter valued at about $80,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Unifi in the first quarter worth about $96,000. Hedge funds and other 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.