Unifi (NYSE:UFI) spotted trading -5.22% off 52-week high price. On the other end, the stock has been noted 65.66% away from the low price over the last 52-weeks. The stock changed 0.46% to recent value of $26.34. The stock transacted 62002 shares during most recent day however it has an average volume of 75.76K shares. The company has 17.89M of outstanding shares and 16.65M shares were floated in the market.
On Jan. 20, 2020, Unifi (NYSE:UFI) one of the world’s leading innovators in recycled and synthetic yarns, reported that it will introduce a new product and further product expansion to the marketplace at this year’s Outdoor + Snow Show in Denver. The new additions, consistent with meeting sustainability and performance demands, include REPREVE® cationic-dyeable polyester and expanded REPREVE® Our Ocean™ offerings.
REPREVE Cationic-Dyeable Polyester
Unifi has long produced quality offerings to meet the demand for heather yarns that create an exciting aesthetic appeal. Combining sustainability and innovation now allows for a revolution in the heather market. REPREVE cationic-dyeable delivers 100% REPREVE heathers and solids to the market. Offering deeper and brighter colors, as well as improved colorfastness, it can be used in a variety of constructions and across all market segments, from woven to knit to warp knit. The dyeing of these yarns may offer energy savings as compared to some traditional disperse-dyed polyester by utilizing lower temperatures.
We’ve worked diligently to develop a 100% REPREVE replacement for virgin cationic-dyeable fibers that is globally available, said Meredith Boyd, Senior Vice President of Global Innovation for Unifi. The popularity of heathers in apparel is bigger than ever, and this new global product offering is a great example of how Unifi continues to offer innovative products that meet the aesthetic, performance and sustainability demands of consumers.
Its earnings per share (EPS) expected to touch remained -94.90% for this year while earning per share for the next 5-years is expected to reach at 10.00%. UFI has a gross margin of 9.00% and an operating margin of 1.60% while its profit margin remained 0.60% for the last 12 months.
According to the most recent quarter its current ratio was 3.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.43% from the mean of 20 days, 5.72% from mean of 50 days SMA and performed 23.59% from mean of 200 days price. Company’s performance for the week was 7.73%, 2.45% for month and YTD performance remained 4.28%.
Marcus Miller writes for Finance section of website. He has been a freelance journalist for 8 years, contributing to different online publications. Marcus graduated from University with a BBA in Management with a concentration in Consulting and Business Analysis. In his free time, he likes to indulge in outdoor activities, binge watch HBO GO series and catch local bands playing. He is currently based in USA, and can be reached at [email protected].
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