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

Unifi, Inc. (NYSE:UFI)’s share price 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.

Unifi Trading Down 0.9 %

The firm has a market capitalization of $114.64 million, a price-to-earnings ratio of -2.72 and a beta of 0.74. The company has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $6.22. The company has a current ratio of 3.29, a quick ratio of 1.39 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Unifi by 5,775.3% in the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock valued at $82,000 after acquiring an additional 10,973 shares during the last quarter. Barclays PLC lifted its holdings in Unifi by 778.3% in the third quarter. Barclays PLC now owns 11,479 shares of the textile maker’s stock valued at $85,000 after acquiring an additional 10,172 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Unifi by 25.0% in the third quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock valued at $110,000 after acquiring an additional 3,000 shares during the last quarter. Virtu Financial LLC acquired a new position in Unifi in the third quarter valued at approximately $128,000. Finally, Empowered Funds LLC lifted its holdings in Unifi by 5.0% in the third quarter. Empowered Funds LLC now owns 36,304 shares of the textile maker’s stock valued at $266,000 after acquiring an additional 1,742 shares during the last quarter. 67.67% of the stock is currently 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.