Unique Fabricating Inc (UFAB) Given “Buy” Rating at B. Riley
Other analysts also recently issued reports about the company. Roth Capital set a $11.00 target price on Unique Fabricating and gave the company a buy rating in a research note on Tuesday, August 8th. TheStreet downgraded Unique Fabricating from a c- rating to a d+ rating in a research note on Wednesday, August 16th. Finally, Zacks Investment Research upgraded Unique Fabricating from a sell rating to a hold rating in a research note on Wednesday, October 18th.
Shares of Unique Fabricating (UFAB) traded down $0.09 during mid-day trading on Monday, reaching $7.48. 16,931 shares of the company’s stock traded hands, compared to its average volume of 13,989. Unique Fabricating has a 52 week low of $7.10 and a 52 week high of $15.93.
Unique Fabricating (NASDAQ:UFAB) last issued its earnings results on Monday, August 7th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%. The business had revenue of $44.52 million for the quarter, compared to analysts’ expectations of $46.47 million.
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Several hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management purchased a new position in shares of Unique Fabricating in the 2nd quarter worth $120,000. LMR Partners LLP purchased a new position in shares of Unique Fabricating in the 2nd quarter worth $167,000. Susquehanna International Group LLP purchased a new position in shares of Unique Fabricating in the 2nd quarter worth $216,000. Kennedy Capital Management Inc. boosted its stake in shares of Unique Fabricating by 47.9% in the 2nd 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 during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Unique Fabricating by 50.9% in the 2nd 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 during the last quarter.
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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