Unifi Inc. (UFI) Plunges 6.35%

Unifi Inc. (UFI) Plunges 6.35%

Unifi Inc. (UFI) had a rough trading day for Monday November 04 as shares tumbled 6.35%, or a loss of $-1.71 per share, to close at $25.21. After opening the day at $26.90, shares of Unifi Inc. traded as high as $26.94 and as low as $25.17. Volume was 177,428 shares over 1,924 trades, against an average daily volume of n/a shares and a total float of 18.49 million.

As a result of the decline, Unifi Inc. now has a market cap of $466.13 million. In the last year, shares of Unifi Inc. have traded between a range of $28.58 and $15.90, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Unifi Inc is a multi-national company. It manufactures and sells innovative synthetic and recycled products made from polyester and nylon primarily to other yarn manufacturers and knitters and weavers that produce fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Polyester yarns include partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns, and each is available in virgin or recycled varieties. UNIFI offers specialized yarns, premium value-added (PVA) yarns, and commodity yarns, with principal geographic markets in the Americas, Europe and Asia.

Unifi Inc. is based out of Greensboro, NC and has some 2,860 employees. Its CEO is Thomas H. Caudle.

Unifi Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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