On a related note, analysts at Zacks upgraded shares of Albany International Corp (NYSE:AIN) from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. Albany International Corp. (NYSE:AIN) shares after opening at $37.00 moved to $37.24 on last trade day and at the end of the day closed at $36.72. Company price to sales ratio in past twelve months was calculated as 1.54 and price to cash ratio as 5.23. Albany International Corp. (NYSE:AIN) showed a positive weekly performance of 0.96%.
Change in product production locations to low-cost China establishes Culp Inc. (NYSE:CFI) as a low-cost producer, that should result in higher returns for equity holders. Completed de-leveraging of balance sheet, identifiable competitive advantages, and improved product demand sets up well for long-term growth. Culp, Inc. (NYSE:CFI) shares fell -0.05% in last trading session and ended the day on $19.59. CFI return on equity ratio is recorded as 18.20% and its return on assets is 12.10%. Culp, Inc. (NYSE:CFI) yearly performance is 20.48%.
The Dixie Group, Inc. (NASDAQ:DXYN) announced its agreement to acquire Atlas Carpet Mills, a high-end manufacturer and marketer of commercial floorcovering products located in Los Angeles, California. As outlined in its agreement, closing of the acquisition is scheduled for Wednesday, March 19. Dixie Group Inc (NASDAQ:DXYN) shares moved up 0.38% in last trading session and was closed at $15.71 while trading in range of $15.30 – $15.76 – Dixie Group Inc (NASDAQ:DXYN) year to date (YTD) performance is 19.02%
Unifi Inc., (NYSE:UFI) Greensboro, N.C., has acquired the assets of Dillon Yarn Corp.’s American Drawtech division. Those assets, which comprise draw winding equipment, were relocated to Unifi’s Yadkinville, N.C., manufacturing plant last year as part of a commissioning agreement between the two companies. Unifi plans to introduce its REPREVE® recycled-content polyester and nylon and other premier value-added products into mid-tenacity flat yarn markets. Unifi, Inc. (NYSE:UFI) weekly performance is -5.90%. On last trading day company shares ended up $24.09. Unifi, Inc. (NYSE:UFI) distance from 50-day simple moving average (SMA50) is -1.19%. Analysts mean target price for the company is $25.00.