Unifi New found using ticker (UFI) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 28 and 16 and has a mean target at 20.67. Now with the previous closing price of 11.25 this now indicates there is a potential upside of 83.7%. The 50 day MA is 13.39 and the 200 moving average now moves to 17.25. The company has a market cap of $204m. You can visit the company’s website by visiting: https://unifi.com
The potential market cap would be $374m based on the market concensus.
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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.