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

Unifi, Inc. (NYSE:UFI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.18 and traded as high as $6.49. Unifi shares last traded at $6.30, with a volume of 72,855 shares traded.

Unifi Trading Up 2.0 %

The stock has a 50 day moving average of $5.72 and a 200 day moving average of $6.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.29 and a quick ratio of 1.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings 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 purchasing an additional 10,973 shares during the last quarter. Virtu Financial LLC bought a new stake in Unifi in the third quarter valued at approximately $128,000. Barclays PLC lifted its position 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 purchasing an additional 10,172 shares during the last quarter. State Street Corp grew its holdings in shares of Unifi by 5.7% in the third quarter. State Street Corp now owns 58,922 shares of the textile maker’s stock worth $432,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Minerva Advisors LLC increased its stake in shares of Unifi by 11.2% in the third quarter. Minerva Advisors LLC now owns 810,228 shares of the textile maker’s stock worth $5,947,000 after buying an additional 81,742 shares during the period. 67.67% of the stock is currently owned by institutional investors.

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.