Unique Fabricating Inc (UFAB) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Unique Fabricating Inc (NYSEMKT:UFAB) issued its earnings results on Tuesday. The company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The firm had revenue of $44.80 million for the quarter, compared to analyst estimates of $44.46 million.
Unique Fabricating (NYSEMKT:UFAB) opened at 15.23 on Wednesday. The firm has a market cap of $147.73 million and a PE ratio of 32.27. The firm’s 50-day moving average is $12.65 and its 200-day moving average is $13.10. Unique Fabricating has a 12 month low of $9.03 and a 12 month high of $15.93.
Several institutional investors have recently bought and sold shares of UFAB. Kennedy Capital Management Inc. raised its position in Unique Fabricating by 11.1% in the first quarter. Kennedy Capital Management Inc. now owns 108,325 shares of the company’s stock valued at $1,338,000 after buying an additional 10,860 shares during the period. Skylands Capital LLC raised its position in Unique Fabricating by 63.8% in the second quarter. Skylands Capital LLC now owns 21,959 shares of the company’s stock valued at $294,000 after buying an additional 8,553 shares during the period. Bank of New York Mellon Corp raised its position in Unique Fabricating by 43.7% in the second quarter. Bank of New York Mellon Corp now owns 52,193 shares of the company’s stock valued at $699,000 after buying an additional 15,862 shares during the period. California State Teachers Retirement System acquired a new position in Unique Fabricating during the second quarter valued at $185,000. Finally, Royce & Associates LP raised its position in Unique Fabricating by 2.8% in the second quarter. Royce & Associates LP now owns 282,189 shares of the company’s stock valued at $3,779,000 after buying an additional 7,700 shares during the period.
UFAB has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Unique Fabricating from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. DA Davidson restated a “neutral” rating on shares of Unique Fabricating in a research report on Friday, July 22nd. Finally, B. Riley restated a “buy” rating and set a $17.00 target price on shares of Unique Fabricating in a research report on Monday, August 15th.
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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