Uni-Fuels (NASDAQ:UFG) Trading Down 1% – Here’s Why

Uni-Fuels Holdings Limited (NASDAQ:UFG) traded down 1% during trading on Monday . The stock traded as low as $0.9868 and last traded at $1.00. 167,294 shares were traded during trading, a decline of 60% from the average session volume of 416,417 shares. The stock had previously closed at $1.01.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UFG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Uni-Fuels in a report on Friday, January 9th. Wall Street Zen upgraded shares of Uni-Fuels from a “sell” rating to a “hold” rating in a research note on Sunday, February 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Uni-Fuels Stock Performance

The stock has a 50 day moving average price of $1.13 and a 200 day moving average price of $2.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in shares of Uni-Fuels during the 3rd quarter valued at approximately $1,384,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Uni-Fuels during the 3rd quarter worth approximately $1,010,000. Ground Swell Capital LLC bought a new stake in shares of Uni-Fuels in the 4th quarter worth approximately $61,000. XTX Topco Ltd purchased a new position in Uni-Fuels in the third quarter valued at approximately $566,000. Finally, JPMorgan Chase & Co. purchased a new position in Uni-Fuels in the third quarter valued at approximately $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.