Unifi (NYSE:UFI) Shares Cross Below 200 Day Moving Average of $6.30

Unifi, Inc. (NYSE:UFI)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.30 and traded as low as $5.79. Unifi shares last traded at $5.84, with a volume of 24,689 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Unifi from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th.

Unifi Trading Up 0.2 %

The stock has a fifty day simple moving average of $5.88 and a 200 day simple moving average of $6.30. The firm has a market capitalization of $106.05 million, a P/E ratio of -1.97 and a beta of 0.76. The company has a quick ratio of 1.76, a current ratio of 3.74 and a debt-to-equity ratio of 0.43.

Unifi (NYSE:UFI) last issued its earnings results on Wednesday, January 31st. The textile maker reported ($0.81) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.85) by $0.04. Unifi had a negative return on equity of 12.63% and a negative net margin of 9.18%. The company had revenue of $136.92 million for the quarter, compared to the consensus estimate of $135.50 million. As a group, research analysts forecast that Unifi, Inc. will post -2.08 EPS for the current year.

Hedge Funds Weigh In On Unifi

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of Unifi by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 155,657 shares of the textile maker’s stock worth $2,818,000 after buying an additional 3,924 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Unifi by 18.9% during the 1st quarter. American Century Companies Inc. now owns 22,580 shares of the textile maker’s stock worth $409,000 after acquiring an additional 3,592 shares in the last quarter. Citigroup Inc. boosted its position in shares of Unifi by 26.5% during the 1st quarter. Citigroup Inc. now owns 21,000 shares of the textile maker’s stock valued at $380,000 after acquiring an additional 4,403 shares during the last quarter. Natixis Advisors L.P. boosted its position in shares of Unifi by 73.8% during the 1st quarter. Natixis Advisors L.P. now owns 19,016 shares of the textile maker’s stock valued at $344,000 after acquiring an additional 8,077 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Unifi by 57.0% in the first quarter. MetLife Investment Management LLC now owns 7,481 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 2,716 shares in the last quarter. 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.