Unifi (NYSE:UFI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Unifi, Inc. (NYSE:UFI)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Unifi Price Performance

The firm’s 50 day moving average price is $5.83 and its two-hundred day moving average price is $6.16. 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 stock has a market cap of $110.15 million, a PE ratio of -2.61 and a beta of 0.79.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of Unifi by 5,775.3% during the third quarter. JPMorgan Chase & Co. now owns 11,163 shares of the textile maker’s stock worth $82,000 after acquiring an additional 10,973 shares in the last quarter. 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 purchasing an additional 10,172 shares during the period. Factorial Partners LLC purchased a new stake in Unifi during the 2nd quarter worth about $103,000. OneDigital Investment Advisors LLC boosted its stake in Unifi by 25.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock worth $110,000 after purchasing an additional 3,000 shares during the period. Finally, Virtu Financial LLC purchased a new position in Unifi during the 3rd quarter valued at about $128,000. 67.67% of the stock is currently owned by hedge funds and other institutional investors.

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.