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Unifi (NYSE:UFI - Get Rating) was downgraded by stock analysts at CJS Securities from an "outperform" rating to a "market perform" rating in a research report issued on Thursday, Briefing.com reports.Unifi Stock Performance
Shares of UFI stock opened at $14.62 on Thursday. The firm has a market cap of $270.18 million, a price-to-earnings ratio of 11.08 and a beta of 0.98. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.71 and a current ratio of 3.14. The firm's 50-day simple moving average is $13.98 and its two-hundred day simple moving average is $16.15. Unifi has a 52 week low of $12.10 and a 52 week high of $25.70. Institutional Investors Weigh In On Unifi
Hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its position in shares of Unifi by 82.1% in the 2nd quarter. US Bancorp DE now owns 1,750 shares of the textile maker's stock worth $25,000 after buying an additional 789 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Unifi by 33.9% in the 4th quarter. Lazard Asset Management LLC now owns 3,618 shares of the textile maker's stock worth $83,000 after purchasing an additional 915 shares during the period. State of Tennessee Treasury Department lifted its stake in shares of Unifi by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 5,683 shares of the textile maker's stock worth $103,000 after purchasing an additional 861 shares during the period. Amalgamated Bank bought a new position in shares of Unifi in the 1st quarter worth approximately $112,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Unifi during the 1st quarter worth approximately $128,000. 74.37% of the stock is currently owned by institutional investors. Unifi Company Profile (Get Rating)
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.Read MoreGet a free copy of the StockNews.com research report on Unifi (UFI)Solar Stocks Shine Brightly After Passage Of Clean Energy Bill3 Stable Growth Stocks for Bumpy TimesLarge And Small Oil-And-Gas Stocks See Post-Earnings BounceThe 2 Dow Stocks with Decade-Long Win Streaks on the LineCould Rite Aid Be an Acquisition Target, Again?
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