Uni-Fuels (NASDAQ:UFG) Posts Quarterly Earnings Results

Uni-Fuels (NASDAQ:UFG) released its quarterly earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $74.63 million for the quarter.

Uni-Fuels Stock Up 5.0%

Shares of UFG opened at $0.96 on Thursday. Uni-Fuels has a twelve month low of $0.60 and a twelve month high of $11.00. The company has a 50 day moving average of $0.97 and a 200-day moving average of $1.01.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UFG shares. Wall Street Zen upgraded shares of Uni-Fuels from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Uni-Fuels in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Uni-Fuels presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Uni-Fuels

Several hedge funds have recently made changes to their positions in UFG. Quadrature Capital Ltd bought a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $1,384,000. Cantor Fitzgerald L. P. bought a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $1,010,000. Ground Swell Capital LLC bought a new position in shares of Uni-Fuels during the 4th quarter worth approximately $61,000. XTX Topco Ltd bought a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $566,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Uni-Fuels during the 3rd quarter worth approximately $399,000.

Uni-Fuels Company Profile

Uni-Fuels, Inc (NASDAQ: UFG) is an independent developer and marketer of renewable transportation fuels, specializing in biodiesel and renewable diesel. The company sources feedstocks such as soybean oil, used cooking oils and animal fats, converting them through tolling arrangements into fuels that meet ASTM specifications for use in on-road and off-road diesel engines. Uni-Fuels focuses on integrating supply, production and logistics to deliver low-carbon intensity fuels that comply with U.S.