Unifi (NYSE:UFI) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Unifi (NYSE:UFI) to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Unifi in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Unifi Price Performance

Shares of NYSE UFI opened at $3.12 on Friday. Unifi has a twelve month low of $2.96 and a twelve month high of $6.49. The business has a 50 day simple moving average of $4.05 and a 200-day simple moving average of $4.49. The company has a current ratio of 3.59, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $57.30 million, a price-to-earnings ratio of -2.33 and a beta of 0.73.

Unifi (NYSE:UFI) last posted its earnings results on Tuesday, November 4th. The textile maker reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.04. The company had revenue of $135.67 million for the quarter, compared to analysts’ expectations of $140.23 million. Unifi had a negative return on equity of 21.13% and a negative net margin of 4.30%. As a group, equities research analysts expect that Unifi will post -2.25 earnings per share for the current year.

Insider Activity

In other news, Director Kenneth G. Langone bought 25,811 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $88,273.62. Following the purchase, the director owned 2,492,056 shares of the company’s stock, valued at $8,522,831.52. This represents a 1.05% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 18.63% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in shares of Unifi in the third quarter worth about $54,000. Minerva Advisors LLC grew its holdings in Unifi by 6.2% in the 3rd quarter. Minerva Advisors LLC now owns 1,152,481 shares of the textile maker’s stock valued at $5,486,000 after buying an additional 67,272 shares during the last quarter. Vanguard Group Inc. increased its position in Unifi by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 730,812 shares of the textile maker’s stock worth $3,479,000 after buying an additional 21,195 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in Unifi in the 3rd quarter worth approximately $110,000. Finally, Azarias Capital Management L.P. lifted its holdings in shares of Unifi by 20.9% during the third quarter. Azarias Capital Management L.P. now owns 812,558 shares of the textile maker’s stock worth $3,868,000 after buying an additional 140,572 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company’s stock.

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.