Notable News Spotlight: Unifi, Inc. (NYSE: UFI)

Unifi, Inc. (NYSE: UFI) changed -0.42% to recent value of $19.16. The stock transacted 68780 shares during most recent day however it has an average volume of 80.15K shares. It spotted trading -40.52% off 52-week high price. On the other end, the stock has been noted 20.50% away from the low price over the last 52-weeks.

Unifi, Inc. (NYSE: UFI), one of the world’s leading innovators in recycled and synthetic yarns, today announced the appointment of Craig A. Creaturo as Executive Vice President & Chief Financial Officer, effective September 9, 2019. Christopher A. Smosna, who has served as Interim Chief Financial Officer since December 2018, will continue in his role as Vice President & Treasurer.

Commenting on the appointment, Unifi’s President & Chief Operating Officer, Tom Caudle, said: “Craig has over 15 years of experience as an executive leader for finance and accounting teams at businesses with complex manufacturing and global operations. I am confident that Craig will complement our leadership team and that we can leverage Craig’s extensive knowledge and skillset, which will be paramount in advancing our strategic initiatives and driving improvement in our domestic and international operations. On behalf of everyone at Unifi, I would also like to thank Chris for his service as the Interim CFO. We look forward to continuing to benefit from his expertise.”

Creaturo recently served as Chief Financial Officer & Vice President-Administration of Chromalox, Inc., an advanced thermal technologies manufacturing company, from February 2015 to March 2019. Prior to that, he served as Chief Financial Officer of II-VI Incorporated, a publicly traded global leader in engineered materials and opto-electronic components, from 2004 to 2014. He is a licensed CPA in the Commonwealth of Pennsylvania and holds a B.S. in accounting from Grove City College.

 UFI has a gross margin of 9.40% and an operating margin of 2.20% while its profit margin remained 2.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -5.80% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

 The company has 18.44M of outstanding shares and 16.64M shares were floated in the market. According to the most recent quarter its current ratio was 3.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.15% from the mean of 20 days, 3.06% from mean of 50 days SMA and performed -8.26% from mean of 200 days price. Company’s performance for the week was -1.74%, 3.51% for month and YTD performance remained -16.11%.

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