Unifi (NYSE:UFI) Share Price Crosses Above Two Hundred Day Moving Average of $6.01

Shares of Unifi, Inc. (NYSE:UFI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.01 and traded as high as $7.54. Unifi shares last traded at $7.12, with a volume of 75,360 shares changing hands.

Unifi Price Performance

The firm has a market cap of $139.25 million, a P/E ratio of -2.34, a PEG ratio of 3.07 and a beta of 0.80. The business’s fifty day simple moving average is $6.27 and its 200-day simple moving average is $6.02. The company has a current ratio of 3.25, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Wednesday, August 21st. The textile maker reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.01. The company had revenue of $157.45 million during the quarter, compared to analyst estimates of $156.69 million. Unifi had a negative return on equity of 14.87% and a negative net margin of 8.14%. During the same quarter last year, the company earned ($0.39) earnings per share. As a group, analysts forecast that Unifi, Inc. will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Virtu Financial LLC boosted its position in shares of Unifi by 24.9% in the 1st quarter. Virtu Financial LLC now owns 15,818 shares of the textile maker’s stock worth $95,000 after purchasing an additional 3,158 shares in the last quarter. Factorial Partners LLC purchased a new stake in shares of Unifi in the 2nd quarter worth $103,000. Empowered Funds LLC increased its stake in shares of Unifi by 8.0% in the 1st quarter. Empowered Funds LLC now owns 32,222 shares of the textile maker’s stock worth $193,000 after purchasing an additional 2,384 shares in the last quarter. Marquette Asset Management LLC increased its stake in shares of Unifi by 23.0% in the 1st quarter. Marquette Asset Management LLC now owns 61,126 shares of the textile maker’s stock worth $366,000 after purchasing an additional 11,426 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Unifi by 10.6% in the 2nd quarter. Marshall Wace LLP now owns 80,172 shares of the textile maker’s stock worth $472,000 after buying an additional 7,679 shares during the period. Hedge funds and other institutional investors own 67.67% of the company’s stock.

About Unifi

Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. Its polyester products include partially oriented yarn, textured, solution and package dyed, twisted, beamed, and draw wound yarns in virgin or recycled varieties; and nylon products comprise virgin or recycled textured, solution dyed, and spandex covered yarns.