Unique Fabricating (NYSEAMERICAN:UFAB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “
Several other brokerages have also weighed in on UFAB. B. Riley reissued a “buy” rating and set a $12.00 price objective on shares of Unique Fabricating in a report on Monday, November 6th. TheStreet raised Unique Fabricating from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th. One equities 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.50.
Shares of Unique Fabricating (NYSEAMERICAN:UFAB) traded up $0.28 during midday trading on Tuesday, reaching $8.16. The company’s stock had a trading volume of 2,968 shares, compared to its average volume of 5,823. The company has a market cap of $76.01 and a P/E ratio of 12.98. Unique Fabricating has a 52 week low of $7.05 and a 52 week high of $12.21.
Several large investors have recently made changes to their positions in the company. Perritt Capital Management Inc. boosted its stake in Unique Fabricating by 25.0% in the 4th quarter. Perritt Capital Management Inc. now owns 75,000 shares of the auto parts company’s stock valued at $557,000 after buying an additional 15,000 shares in the last quarter. Royce & Associates LP boosted its stake in Unique Fabricating by 3.3% in the 4th quarter. Royce & Associates LP now owns 583,141 shares of the auto parts company’s stock valued at $4,327,000 after buying an additional 18,752 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Unique Fabricating by 60.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 470,536 shares of the auto parts company’s stock valued at $3,491,000 after buying an additional 177,566 shares in the last quarter. Weber Alan W boosted its stake in Unique Fabricating by 42.7% in the 4th quarter. Weber Alan W now owns 88,100 shares of the auto parts company’s stock valued at $654,000 after buying an additional 26,371 shares in the last quarter. Finally, Connors Investor Services Inc. boosted its stake in Unique Fabricating by 47.9% in the 4th quarter. Connors Investor Services Inc. now owns 41,669 shares of the auto parts company’s stock valued at $309,000 after buying an additional 13,498 shares in the last quarter.
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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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