Unique Fabricating Inc (NASDAQ:UFAB) Given a $11.00 Price Target by Roth Capital Analysts

Roth Capital set a $11.00 target price on Unique Fabricating Inc (NASDAQ:UFAB) in a research report report published on Tuesday, August 8th. The firm currently has a buy rating on the stock.

UFAB has been the topic of several other research reports. Zacks Investment Research downgraded Unique Fabricating from a hold rating to a sell rating in a research report on Saturday, May 13th. B. Riley restated a buy rating and set a $12.00 target price on shares of Unique Fabricating in a research report on Tuesday, August 8th.

Unique Fabricating (NASDAQ UFAB) opened at 7.45 on Tuesday. The firm has a market capitalization of $72.68 million and a price-to-earnings ratio of 9.20. Unique Fabricating has a one year low of $7.45 and a one year high of $15.93. The stock’s 50 day moving average price is $8.64 and its 200-day moving average price is $10.51.

Unique Fabricating (NASDAQ:UFAB) last posted its earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.04. The company had revenue of $44.52 million for the quarter, compared to analysts’ expectations of $46.47 million. Unique Fabricating had a return on equity of 13.16% and a net margin of 3.75%. On average, equities research analysts expect that Unique Fabricating will post $0.74 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Thursday, August 31st will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.05%.

Several large investors have recently modified their holdings of UFAB. Susquehanna International Group LLP acquired a new stake in shares of Unique Fabricating during the second quarter worth about $216,000. Vanguard Group Inc. increased its stake in shares of Unique Fabricating by 50.9% in the second quarter. Vanguard Group Inc. now owns 178,448 shares of the company’s stock worth $1,699,000 after buying an additional 60,194 shares during the period. Kennedy Capital Management Inc. increased its stake in shares of Unique Fabricating by 47.9% in the second quarter. Kennedy Capital Management Inc. now owns 175,282 shares of the company’s stock worth $1,669,000 after buying an additional 56,799 shares during the period. LSV Asset Management acquired a new stake in shares of Unique Fabricating during the second quarter worth about $120,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Unique Fabricating by 59.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 186,790 shares of the company’s stock worth $1,778,000 after buying an additional 69,518 shares during the period.

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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