Unique Fabricating Inc (UFAB) Receives “Buy” Rating from B. Riley

B. Riley restated their buy rating on shares of Unique Fabricating Inc (NYSEMKT:UFAB) in a report issued on Friday.

A number of other brokerages have also weighed in on UFAB. Roth Capital set a $17.00 target price on Unique Fabricating and gave the company a buy rating in a research report on Saturday, March 11th. Zacks Investment Research raised Unique Fabricating from a strong sell rating to a hold rating in a research report on Wednesday, January 18th.

Shares of Unique Fabricating (NYSEMKT:UFAB) opened at 10.37 on Friday. The stock has a market capitalization of $101.15 million and a PE ratio of 14.81. Unique Fabricating has a 52 week low of $10.32 and a 52 week high of $15.93. The company has a 50-day moving average price of $11.67 and a 200 day moving average price of $12.76.

Unique Fabricating (NYSEMKT:UFAB) last issued its earnings results on Thursday, March 9th. The auto parts company reported $0.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.17. Equities analysts forecast that Unique Fabricating will post $0.91 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in UFAB. Wells Fargo & Company MN raised its position in 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 during the last quarter. State Street Corp raised its position in 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 during the last quarter. Finally, Royce & Associates LP raised its position in 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 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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