Uni-Fuels (NASDAQ:UFG) Shares Down 3.6% – Here’s Why

Uni-Fuels Holdings Limited (NASDAQ:UFG) traded down 3.6% during mid-day trading on Friday . The stock traded as low as $0.9201 and last traded at $0.9638. 280,492 shares traded hands during trading, a decline of 44% from the average session volume of 501,552 shares. The stock had previously closed at $1.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Uni-Fuels in a research note on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Uni-Fuels presently has a consensus rating of “Sell”.

Uni-Fuels Trading Down 3.6%

The stock has a 50-day simple moving average of $1.01 and a 200 day simple moving average of $2.57.

Uni-Fuels (NASDAQ:UFG) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.00 earnings per share for the quarter. The firm had revenue of $57.31 million during the quarter.

Institutional Trading of Uni-Fuels

Large investors have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $1,384,000. Cantor Fitzgerald L. P. purchased a new position in Uni-Fuels during the third quarter worth $1,010,000. Ground Swell Capital LLC purchased a new position in Uni-Fuels during the fourth quarter worth $61,000. XTX Topco Ltd acquired a new position in shares of Uni-Fuels in the third quarter worth $566,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Uni-Fuels in the third quarter valued at $399,000.

About Uni-Fuels

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.