Unique Fabricating (UFAB) Cut to “Sell” at Zacks Investment Research

Unique Fabricating (NYSEAMERICAN:UFAB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

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. “

Other analysts have also issued research reports about the company. B. Riley reissued a “buy” rating and issued a $12.00 target price on shares of Unique Fabricating in a report on Monday, November 6th. TheStreet upgraded Unique Fabricating from a “d+” rating to a “c-” rating in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Unique Fabricating presently has an average rating of “Hold” and a consensus target price of $11.50.

Unique Fabricating (NYSEAMERICAN UFAB) traded down $0.15 during trading on Tuesday, hitting $7.57. The company’s stock had a trading volume of 3,145 shares, compared to its average volume of 5,855. The company has a market cap of $75.23 and a price-to-earnings ratio of 12.02. Unique Fabricating has a twelve month low of $7.05 and a twelve month high of $12.38.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UFAB. Perritt Capital Management Inc. lifted its position in Unique Fabricating by 25.0% during the fourth quarter. Perritt Capital Management Inc. now owns 75,000 shares of the auto parts company’s stock valued at $557,000 after purchasing an additional 15,000 shares in the last quarter. Royce & Associates LP lifted its position in Unique Fabricating by 3.3% during the fourth quarter. Royce & Associates LP now owns 583,141 shares of the auto parts company’s stock valued at $4,327,000 after purchasing an additional 18,752 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in Unique Fabricating by 60.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 470,536 shares of the auto parts company’s stock valued at $3,491,000 after purchasing an additional 177,566 shares in the last quarter. Finally, Weber Alan W raised its holdings in Unique Fabricating by 42.7% during the fourth quarter. Weber Alan W now owns 88,100 shares of the auto parts company’s stock valued at $654,000 after acquiring an additional 26,371 shares during the period.

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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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