Unique Fabricating, Inc. (NASDAQ:UFAB) Given Buy Rating at B. Riley

B. Riley reissued their buy rating on shares of Unique Fabricating, Inc. (NYSEAMERICAN:UFAB) in a report issued on Monday, November 6th. The brokerage currently has a $12.00 price objective on the auto parts company’s stock.

Several other research analysts also recently commented on the company. Taglich Brothers reiterated a speculative buy rating on shares of Unique Fabricating in a research note on Wednesday, July 26th. Roth Capital set a $11.00 target price on Unique Fabricating and gave the stock a buy rating in a research note on Tuesday, August 8th. ValuEngine raised Unique Fabricating from a hold rating to a buy rating in a report on Monday, October 2nd. TheStreet cut Unique Fabricating from a c- rating to a d+ rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised Unique Fabricating from a sell rating to a hold rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $11.50.

Unique Fabricating (UFAB) remained flat at $$8.25 during midday trading on Monday. The stock had a trading volume of 2,068 shares, compared to its average volume of 11,781. Unique Fabricating has a fifty-two week low of $7.05 and a fifty-two week high of $15.00.

Unique Fabricating (NYSEAMERICAN:UFAB) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.05). The company had revenue of $41.23 million during the quarter, compared to the consensus estimate of $42.68 million. Unique Fabricating had a net margin of 1.73% and a return on equity of 5.67%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.60 dividend on an annualized basis and a yield of 7.27%. Unique Fabricating’s dividend payout ratio is currently 71.43%.

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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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