Unifi (NYSE:UFI) Posts Quarterly Earnings Results

Unifi (NYSE:UFI) issued its earnings results on Tuesday. The textile maker reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.04, Zacks reports. Unifi had a negative net margin of 3.56% and a negative return on equity of 19.64%.

Unifi Price Performance

UFI stock traded up $0.04 during midday trading on Tuesday, hitting $4.37. 55,037 shares of the stock were exchanged, compared to its average volume of 56,514. The stock’s 50-day moving average price is $4.54 and its 200-day moving average price is $4.74. The stock has a market cap of $80.24 million, a price-to-earnings ratio of -3.83 and a beta of 0.61. Unifi has a fifty-two week low of $4.25 and a fifty-two week high of $6.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.59 and a current ratio of 3.32.

Analyst Ratings Changes

UFI has been the topic of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Unifi in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Unifi from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Unifi

A number of institutional investors have recently made changes to their positions in UFI. Jane Street Group LLC acquired a new position in shares of Unifi in the first quarter worth $64,000. XTX Topco Ltd acquired a new position in shares of Unifi in the second quarter worth $80,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Unifi in the first quarter worth $96,000. 67.67% of the stock is owned by institutional investors and hedge funds.

Unifi Company Profile

Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in North America, Central America, South America, Asia, and Europe. 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.