Unique Fabricating Inc (UFAB) Given Buy Rating at B. Riley

Unique Fabricating Inc (NYSEMKT:UFAB)‘s stock had its “buy” rating reaffirmed by B. Riley in a note issued to investors on Friday, May 12th.

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

Unique Fabricating (NYSEMKT UFAB) traded down 1.20% during mid-day trading on Friday, reaching $9.84. 34,154 shares of the company were exchanged. The stock has a 50-day moving average price of $10.50 and a 200 day moving average price of $12.11. The company has a market capitalization of $95.99 million and a PE ratio of 14.06. Unique Fabricating has a one year low of $8.90 and a one year high of $15.93.

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Several hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake 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 worth $223,000 after buying an additional 2,069 shares during the period. State Street Corp boosted its stake 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 worth $971,000 after buying an additional 4,738 shares during the period. Finally, Royce & Associates LP boosted its stake 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 worth $4,971,000 after buying an additional 58,300 shares during the period.

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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