Unifi Stock Gaps Down On Today's Open (UFI)

NEW YORK ( TheStreet) -- Shares of Unifi (NYSE: UFI) were gapping down Thursday morning with an open price 10.8% lower than Wednesday's closing price. The stock closed at $9.81 Wednesday and opened today's trading at $8.75.

The average volume for Unifi has been 76,200 shares per day over the past 30 days. Unifi has a market cap of $186.8 million and is part of the industrial goods sector and industrial industry. Shares are up 29.1% year to date as of the close of trading on Wednesday.

Unifi, Inc., together with its subsidiaries, processes and sells polyester and nylon yarns. The company provides polymer beads, partially oriented, textured, solution and package dyed, twisted, and beamed polyester yarns; and textured, solution dyed, and covered spandex nylon yarns. The company has a P/E ratio of 13.3, above the average industrial industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Unifi as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full Unifi Ratings Report.

Get more investment ideas from our investment research center.

Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.