Uni-Fuels (NASDAQ:UFG) Stock Price Down 4.8% – Here’s What Happened

Uni-Fuels Holdings Limited (NASDAQ:UFG) traded down 4.8% during trading on Friday . The stock traded as low as $0.5516 and last traded at $0.5524. 27,774 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 92,962 shares. The stock had previously closed at $0.58.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Uni-Fuels in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Uni-Fuels Trading Down 4.8%

The stock’s 50-day simple moving average is $0.70 and its 200-day simple moving average is $0.84.

Institutional Trading of Uni-Fuels

Large investors have recently bought and sold shares of the company. Ground Swell Capital LLC bought a new position in shares of Uni-Fuels in the 4th quarter worth approximately $61,000. Quadrature Capital Ltd bought a new stake in shares of Uni-Fuels during the third quarter valued at approximately $1,384,000. XTX Topco Ltd purchased a new stake in Uni-Fuels in the third quarter worth $566,000. JPMorgan Chase & Co. bought a new position in Uni-Fuels in the third quarter worth $399,000. Finally, BNP Paribas Financial Markets bought a new position in Uni-Fuels in the third quarter worth $183,000.

About Uni-Fuels

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.