Unifi New with ticker code (UFI) now have 2 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 14 and 11 calculating the average target price we see $12.50. Given that the stocks previous close was at $8.51 this indicates there is a potential upside of 46.9%. Also worth taking note is the 50 day moving average now sits at $9.16 and the 200 day MA is $10.58. The company has a market cap of $154m. Company Website: https://unifi.com
The potential market cap would be $226m based on the market consensus.
Unifi, 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. The company also provides recycled solutions made from pre-consumer and post-consumer waste, such as plastic bottle flake made from polyester, and polymer beads and staple fiber made from polyester or nylon. It offers recycled and synthetic products primarily to yarn manufacturers, knitters, and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial, and other end-use markets. The company sells its products through sales force and independent sales agents under the REPREVE brand. Unifi was incorporated in 1969 and is headquartered in Greensboro, North Carolina.
The company is not paying dividends at this time.
