Unifi (NYSE:UFI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Unifi, Inc. (NYSE:UFI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.16 and traded as high as $6.33. Unifi shares last traded at $6.03, with a volume of 73,537 shares changing hands.

Unifi Price Performance

The company’s 50-day simple moving average is $5.81 and its 200-day simple moving average is $6.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.39 and a current ratio of 3.29. The company has a market capitalization of $111.25 million, a PE ratio of -2.64 and a beta of 0.75.

Hedge Funds Weigh In On Unifi

Several institutional investors have recently bought and sold shares of UFI. Minerva Advisors LLC raised its stake in shares of Unifi by 11.2% during the 3rd quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker’s stock worth $5,947,000 after buying an additional 81,742 shares in the last quarter. Acuitas Investments LLC raised its position in Unifi by 20.4% in the second quarter. Acuitas Investments LLC now owns 404,356 shares of the textile maker’s stock worth $2,382,000 after acquiring an additional 68,605 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Unifi by 279.2% in the third quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock valued at $442,000 after acquiring an additional 44,332 shares during the period. Factorial Partners LLC acquired a new stake in Unifi in the second quarter valued at $103,000. Finally, Virtu Financial LLC purchased a new stake in shares of Unifi during the 3rd quarter worth $128,000. 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.