Media coverage about Unifi (NYSE:UFI) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Unifi earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the textile maker an impact score of 46.5793117936463 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Unifi (NYSE UFI) traded up 0.21% during mid-day trading on Friday, hitting $33.33. The company had a trading volume of 69,148 shares. The firm has a 50-day moving average price of $31.54 and a 200 day moving average price of $29.30. The firm has a market capitalization of $608.27 million, a price-to-earnings ratio of 18.72 and a beta of 0.81. Unifi has a 52-week low of $26.02 and a 52-week high of $34.70.

Unifi (NYSE:UFI) last posted its quarterly earnings data on Wednesday, July 26th. The textile maker reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $171.30 million during the quarter, compared to analysts’ expectations of $165.18 million. Unifi had a net margin of 5.08% and a return on equity of 9.91%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. Analysts expect that Unifi will post $1.86 earnings per share for the current year.

UFI has been the subject of several recent analyst reports. Zacks Investment Research lowered Unifi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine lowered Unifi from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. BidaskClub lowered Unifi from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, CJS Securities initiated coverage on Unifi in a research report on Wednesday. They set an “outperform” rating and a $42.00 target price for the company.

COPYRIGHT VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact Unifi (UFI) Stock Price” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/24/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-unifi-ufi-stock-price.html.

In related news, Director Robert J. Bishop acquired 12,002 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $30.69 per share, with a total value of $368,341.38. Following the transaction, the director now owns 6,200 shares of the company’s stock, valued at approximately $190,278. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul R. Charron acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $31.50 per share, with a total value of $31,500.00. Following the transaction, the director now directly owns 19,915 shares in the company, valued at approximately $627,322.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 21,183 shares of company stock valued at $650,934 in the last ninety days. 15.40% of the stock is currently owned by corporate 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.

Insider Buying and Selling by Quarter for Unifi (NYSE:UFI)

Receive News & Stock Ratings for Unifi Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unifi Inc. and related stocks with our FREE daily email newsletter.