Unifi (NYSE:UFI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

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

Unifi Price Performance

The company’s 50-day simple moving average is $5.72 and its 200-day simple moving average is $6.18. 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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP grew its position in shares of Unifi by 10.6% during the 2nd quarter. Marshall Wace LLP now owns 80,172 shares of the textile maker’s stock worth $472,000 after purchasing an additional 7,679 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Unifi by 74.2% in the third quarter. Assenagon Asset Management S.A. now owns 39,259 shares of the textile maker’s stock valued at $288,000 after buying an additional 16,727 shares during the period. GSA Capital Partners LLP grew its position in Unifi by 279.2% during the third quarter. GSA Capital Partners LLP now owns 60,211 shares of the textile maker’s stock worth $442,000 after buying an additional 44,332 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Unifi by 25.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 15,000 shares of the textile maker’s stock worth $110,000 after acquiring an additional 3,000 shares during the period. Finally, Empowered Funds LLC raised its holdings in Unifi by 5.0% in the 3rd 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 in the last quarter. 67.67% of the stock is 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.