Posted by admin on Aug 15th, 2022
CJS Securities lowered shares of Unifi (NYSE:UFI – Get Rating) from an outperform rating to a market perform rating in a research report released on Thursday morning, The Fly reports.
NYSE UFI opened at $13.15 on Thursday. The stock’s 50-day moving average price is $13.87 and its two-hundred day moving average price is $15.96. The company has a current ratio of 3.24, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The company has a market cap of $242.99 million, a PE ratio of 16.23 and a beta of 0.98. Unifi has a 1 year low of $12.10 and a 1 year high of $25.70.
A number of large investors have recently made changes to their positions in UFI. Pinnacle Associates Ltd. increased its holdings in shares of Unifi by 64.2% in the 1st quarter. Pinnacle Associates Ltd. now owns 466,818 shares of the textile maker’s stock valued at $8,449,000 after purchasing an additional 182,457 shares during the period. Invesco Ltd. increased its holdings in shares of Unifi by 25.0% in the 1st quarter. Invesco Ltd. now owns 538,068 shares of the textile maker’s stock valued at $9,739,000 after purchasing an additional 107,502 shares during the period. Azarias Capital Management L.P. increased its holdings in shares of Unifi by 50.9% in the 1st quarter. Azarias Capital Management L.P. now owns 269,429 shares of the textile maker’s stock valued at $4,877,000 after purchasing an additional 90,895 shares during the period. Rice Hall James & Associates LLC grew its stake in shares of Unifi by 119.6% in the 4th quarter. Rice Hall James & Associates LLC now owns 131,456 shares of the textile maker’s stock valued at $3,043,000 after buying an additional 71,598 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Unifi in the 4th quarter valued at approximately $1,407,000. Institutional investors and hedge funds own 74.37% of the company’s stock.
Unifi, Inc, together with its subsidiaries, engages in the manufacture and sale of recycled and synthetic products in the United States, Brazil, China, and internationally. It operates in four segments: Polyester, Nylon, Brazil, and Asia. The Polyester segment offers partially oriented, textured, solution and package dyed, twisted, beamed, and draw wound yarns; and pre-consumer and post-consumer waste products, including plastic bottle flakes, polyester polymer, and staple fiber beads to other yarn manufacturers, and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets.
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