Unifi, Inc. (NYSE:UFI – Get Free Report) Director Kenneth G. Langone purchased 4,800 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average cost of $7.00 per share, with a total value of $33,600.00. Following the completion of the acquisition, the director now directly owns 1,803,402 shares in the company, valued at $12,623,814. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Unifi Stock Down 2.1 %
Shares of NYSE UFI traded down $0.15 during mid-day trading on Monday, reaching $6.96. The company had a trading volume of 61,435 shares, compared to its average volume of 138,844. The firm has a 50 day simple moving average of $7.48 and a two-hundred day simple moving average of $7.80. Unifi, Inc. has a 52-week low of $5.85 and a 52-week high of $11.08. The company has a current ratio of 4.08, a quick ratio of 1.99 and a debt-to-equity ratio of 0.41. The stock has a market cap of $125.87 million, a P/E ratio of -2.76 and a beta of 0.92.
Unifi (NYSE:UFI – Get Free Report) last issued its quarterly earnings data on Thursday, August 24th. The textile maker reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.08. Unifi had a negative return on equity of 12.31% and a negative net margin of 7.43%. The company had revenue of $151.06 million for the quarter, compared to analyst estimates of $147.89 million. During the same quarter last year, the company posted $0.11 earnings per share. Sell-side analysts predict that Unifi, Inc. will post -0.57 earnings per share for the current year.
Institutional Investors Weigh In On Unifi
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on Unifi in a research note on Thursday, August 17th. They set a “sell” rating for the company.
Unifi Company Profile
Unifi, Inc, together with its subsidiaries, manufactures and sells recycled and synthetic products in the United States, China, Brazil, and internationally. 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.
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