Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Unifi (UFI) Share Price
Headlines about Unifi (NYSE:UFI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Unifi earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the textile maker an impact score of 45.1849238178413 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research firms have weighed in on UFI. Zacks Investment Research cut Unifi from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. ValuEngine cut Unifi from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, BidaskClub cut Unifi from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th.
Shares of Unifi (NYSE UFI) traded up 1.15% on Friday, hitting $30.91. The stock had a trading volume of 4,203 shares. Unifi has a 1-year low of $25.11 and a 1-year high of $34.70. The company has a market capitalization of $563.30 million, a PE ratio of 17.37 and a beta of 0.79. The firm has a 50-day moving average of $30.75 and a 200 day moving average of $28.76.
Unifi (NYSE:UFI) last released its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The business had revenue of $171.30 million during the quarter, compared to analyst estimates of $165.18 million. During the same quarter last year, the business earned $0.57 earnings per share. Unifi’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Unifi will post $1.86 earnings per share for the current fiscal year.
In other Unifi news, Director Robert J. Bishop acquired 12,002 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $30.69 per share, for a total transaction of $368,341.38. Following the completion of the transaction, the director now directly owns 6,200 shares of the company’s stock, valued at $190,278. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul R. Charron acquired 1,000 shares of the stock in a transaction on Tuesday, August 8th. The shares were acquired at an average price of $31.50 per share, with a total value of $31,500.00. Following the transaction, the director now directly owns 19,915 shares of the company’s stock, valued at $627,322.50. The disclosure for this purchase can be found here. Insiders have acquired 17,500 shares of company stock valued at $540,517 in the last quarter. 16.40% of the stock is owned by company insiders.
Unifi Company Profile
Unifi, Inc is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns.
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