Uni-Fuels (NASDAQ:UFG) Shares Up 2.8% – Here’s Why

Uni-Fuels Holdings Limited (NASDAQ:UFG) rose 2.8% during mid-day trading on Wednesday . The stock traded as high as $0.85 and last traded at $0.8018. 86,608 shares changed hands during trading, a decline of 89% from the average session volume of 789,272 shares. The stock had previously closed at $0.78.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UFG. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Uni-Fuels in a report on Friday, May 1st. 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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Uni-Fuels presently has a consensus rating of “Sell”.

Uni-Fuels Stock Performance

The firm’s 50-day moving average price is $0.82 and its 200-day moving average price is $0.94.

Uni-Fuels (NASDAQ:UFG) last issued its quarterly earnings data on Tuesday, May 26th. The company reported $999.00 earnings per share (EPS) for the quarter. On average, sell-side analysts expect that Uni-Fuels Holdings Limited will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Uni-Fuels

Several institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in shares of Uni-Fuels in the 3rd quarter valued at $1,384,000. Cantor Fitzgerald L. P. purchased a new position in shares of Uni-Fuels during the 3rd quarter valued at about $1,010,000. Ground Swell Capital LLC acquired a new position in shares of Uni-Fuels in the 4th quarter valued at about $61,000. XTX Topco Ltd acquired a new position in shares of Uni-Fuels in the 3rd quarter valued at about $566,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Uni-Fuels in the third quarter worth about $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.