Unifi (NYSE:UFI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Unifi, Inc. (NYSE:UFIGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.18 and traded as high as $6.49. Unifi shares last traded at $6.30, with a volume of 72,855 shares trading hands.

Unifi Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 3.29 and a quick ratio of 1.39. The business’s 50-day simple moving average is $5.72 and its 200-day simple moving average is $6.19.

Hedge Funds Weigh In On Unifi

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in Unifi by 5.7% during the third quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock worth $432,000 after acquiring an additional 3,200 shares in the last quarter. Barclays PLC boosted its stake in Unifi by 778.3% during the third quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock worth $85,000 after acquiring an additional 10,172 shares in the last quarter. GSA Capital Partners LLP boosted its stake in Unifi by 279.2% during the third quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock worth $442,000 after acquiring an additional 44,332 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in Unifi by 25.0% during the third quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock worth $110,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Unifi by 10.6% during the second quarter. Marshall Wace LLP now owns 80,172 shares of the textile maker’s stock worth $472,000 after acquiring an additional 7,679 shares in the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

About Unifi

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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.

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