Unifi (UFI) Receiving Somewhat Positive Press Coverage, Report Finds
Press coverage about Unifi (NYSE:UFI) has been trending somewhat positive on Tuesday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Unifi earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the textile maker an impact score of 45.7957485051856 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
UFI has been the topic of a number of analyst reports. ValuEngine lowered Unifi from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. BidaskClub lowered Unifi from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research lowered Unifi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th.
Shares of Unifi (UFI) traded up 0.28% during midday trading on Tuesday, reaching $32.78. The company’s stock had a trading volume of 12,567 shares. The company has a market capitalization of $597.38 million, a P/E ratio of 18.42 and a beta of 0.81. Unifi has a 1-year low of $26.02 and a 1-year high of $34.70. The stock has a 50 day moving average of $31.32 and a 200-day moving average of $29.05.
Unifi (NYSE:UFI) last posted its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The business had revenue of $171.30 million for the quarter, compared to analyst estimates of $165.18 million. During the same quarter last year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities research analysts anticipate that Unifi will post $1.86 earnings per share for the current year.
In other news, Director Robert J. Bishop acquired 3,683 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average price of $29.98 per share, with a total value of $110,416.34. Following the purchase, the director now owns 6,200 shares of the company’s stock, valued at approximately $185,876. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul R. Charron acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average cost of $31.50 per share, with a total value of $31,500.00. Following the purchase, the director now directly owns 19,915 shares in the company, valued at approximately $627,322.50. The disclosure for this purchase can be found here. Insiders have purchased 21,183 shares of company stock worth $650,934 in the last quarter. Company insiders own 16.40% of the company’s stock.
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Unifi Company Profile
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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