Unifi (NYSE:UFI) Share Price Crosses Above 200-Day Moving Average of $6.08

Unifi, Inc. (NYSE:UFI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.08 and traded as high as $7.46. Unifi shares last traded at $7.32, with a volume of 28,133 shares traded.

Unifi Trading Down 1.1 %

The company has a current ratio of 3.25, a quick ratio of 1.54 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $133.59 million, a price-to-earnings ratio of -2.25, a price-to-earnings-growth ratio of 3.43 and a beta of 0.80. The business has a 50 day simple moving average of $6.43 and a 200-day simple moving average of $6.08.

Unifi (NYSE:UFI) last released its earnings results on Wednesday, August 21st. The textile maker reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.01. Unifi had a negative net margin of 8.14% and a negative return on equity of 14.87%. The business had revenue of $157.45 million for the quarter, compared to analysts’ expectations of $156.69 million. During the same period last year, the company earned ($0.39) earnings per share. On average, equities analysts predict that Unifi, Inc. will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC grew its position in Unifi by 24.9% during the first quarter. Virtu Financial LLC now owns 15,818 shares of the textile maker’s stock valued at $95,000 after acquiring an additional 3,158 shares during the period. Factorial Partners LLC acquired a new stake in Unifi during the 2nd quarter worth approximately $103,000. Empowered Funds LLC increased its position in Unifi by 8.0% during 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 raised its holdings in Unifi by 23.0% in the first quarter. Marquette Asset Management LLC now owns 61,126 shares of the textile maker’s stock valued at $366,000 after buying an additional 11,426 shares during the period. Finally, Marshall Wace LLP lifted its position in Unifi by 10.6% during the second quarter. Marshall Wace LLP now owns 80,172 shares of the textile maker’s stock valued at $472,000 after buying an additional 7,679 shares in the last quarter. 67.67% of the stock is owned by hedge funds and other institutional investors.

Unifi Company Profile

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.