B. Riley Reaffirms Buy Rating for Unique Fabricating Inc (UFAB)
Unique Fabricating Inc (NYSEMKT:UFAB)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a report released on Friday.
UFAB has been the subject of several other research reports. Zacks Investment Research cut Unique Fabricating from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 21st. Roth Capital set a $17.00 price objective on Unique Fabricating and gave the stock a “buy” rating in a research report on Saturday, March 11th.
Unique Fabricating (NYSEMKT:UFAB) traded down 5.81% during trading on Friday, reaching $11.34. The company had a trading volume of 22,322 shares. The firm has a market capitalization of $110.61 million and a price-to-earnings ratio of 16.20. Unique Fabricating has a 12 month low of $10.40 and a 12 month high of $15.93. The stock has a 50 day moving average price of $11.73 and a 200 day moving average price of $12.79.
Unique Fabricating (NYSEMKT:UFAB) last released its quarterly earnings data on Thursday, March 9th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. On average, equities research analysts predict that Unique Fabricating will post $0.91 earnings per share for the current year.
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A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in shares of Unique Fabricating by 12.8% in the third quarter. Wells Fargo & Company MN now owns 18,269 shares of the auto parts company’s stock valued at $223,000 after buying an additional 2,069 shares in the last quarter. State Street Corp raised its position in shares of Unique Fabricating by 7.7% in the fourth quarter. State Street Corp now owns 66,440 shares of the auto parts company’s stock valued at $971,000 after buying an additional 4,738 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Unique Fabricating by 20.7% in the fourth quarter. Royce & Associates LP now owns 340,489 shares of the auto parts company’s stock valued at $4,971,000 after buying an additional 58,300 shares in the last quarter.
Unique Fabricating Company Profile
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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