Zacks Investment Research upgraded shares of Unique Fabricating Inc (NASDAQ:UFAB) from a sell rating to a hold rating in a research note published on Wednesday, October 18th.
According to Zacks, “Unique Fabricating, Inc. is a supplier of components in the automotive and industrial appliance market. The Company’s solutions comprised of multi-material foam, rubber and plastic components for noise, vibration and harshness management, acoustical management, water and air sealing, decorative and other functional applications. Its processes include die cutting, thermoforming, compression molding, fusion molding and assembly. The company operates primarily in Auburn Hills, Michigan, LaFayette, Georgia and Monterrey, Mexico. Unique Fabricating, Inc. is headquartered in Auburn Hills, Michigan. “
A number of other equities analysts also recently weighed in on UFAB. B. Riley reaffirmed a buy rating and issued a $12.00 price target on shares of Unique Fabricating in a research note on Tuesday, August 8th. TheStreet downgraded shares of Unique Fabricating from a c- rating to a d+ rating in a research note on Wednesday, August 16th. Finally, Roth Capital set a $11.00 target price on shares of Unique Fabricating and gave the stock a buy rating in a research report on Tuesday, August 8th.
Shares of Unique Fabricating (NASDAQ UFAB) traded down $0.70 during trading hours on Wednesday, hitting $7.57. The stock had a trading volume of 26,386 shares.
Unique Fabricating (NASDAQ:UFAB) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.04). Unique Fabricating had a return on equity of 13.16% and a net margin of 3.75%. The company had revenue of $44.52 million during the quarter, compared to analyst estimates of $46.47 million.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its stake in shares of Unique Fabricating by 56.6% in the second quarter. Royce & Associates LP now owns 564,389 shares of the company’s stock valued at $5,373,000 after buying an additional 203,900 shares during the period. Pacific Ridge Capital Partners LLC increased its holdings in shares of Unique Fabricating by 59.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 186,790 shares of the company’s stock worth $1,778,000 after buying an additional 69,518 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Unique Fabricating by 50.9% during the second quarter. Vanguard Group Inc. now owns 178,448 shares of the company’s stock worth $1,699,000 after buying an additional 60,194 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in shares of Unique Fabricating by 47.9% during the second quarter. Kennedy Capital Management Inc. now owns 175,282 shares of the company’s stock worth $1,669,000 after buying an additional 56,799 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Unique Fabricating during the second quarter worth approximately $216,000.
About Unique Fabricating
Unique Fabricating, Inc is a United States-based company, which is engaged in the engineering and manufacturing of components for customers in the automotive and industrial appliance market. The Company offers various solutions, which consist of multi-material foam, rubber and plastic components. The Company’s fabricating capabilities include foam fabricating; foam die cutting; multi-layer die cutting; precision high-speed cutting; kiss cutting; fusion molding; vacuum forming; twin-sheet thermoforming; compression molding precision original equipment manufacturing (OEM) parts; non-metallic materials die cutting/fabrication; sound control parts, and soundproofing materials.
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