Unifi (NYSE:UFI) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Unifi, Inc. (NYSE:UFI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.22 and traded as high as $6.36. Unifi shares last traded at $6.28, with a volume of 55,427 shares changing hands.

Unifi Price Performance

The company has a current ratio of 3.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.46. The firm has a market cap of $114.64 million, a P/E ratio of -2.72 and a beta of 0.74. The firm has a 50-day simple moving average of $5.82 and a 200-day simple moving average of $6.22.

Institutional Trading of Unifi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC acquired a new stake in Unifi during the 4th quarter worth about $3,191,000. JPMorgan Chase & Co. raised its stake in shares of Unifi by 5,775.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after buying an additional 10,973 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Unifi during the 3rd quarter valued at about $128,000. Barclays PLC raised its stake in shares of Unifi by 778.3% during the 3rd quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock valued at $85,000 after buying an additional 10,172 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Unifi by 5.7% during the 3rd quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock valued at $432,000 after buying an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 67.67% of the company’s stock.

About Unifi

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.