Unique Fabricating Inc (NASDAQ:UFAB)‘s stock had its “buy” rating restated by equities research analysts at B. Riley in a report issued on Monday. They currently have a $12.00 target price on the stock. B. Riley’s price target indicates a potential upside of 49.16% from the company’s current price.
Several other analysts have also issued reports on UFAB. Roth Capital set a $11.00 target price on shares of Unique Fabricating and gave the company a “buy” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Unique Fabricating from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, TheStreet downgraded shares of Unique Fabricating from a “c-” rating to a “d+” rating in a research note on Wednesday, August 16th.
Shares of Unique Fabricating (NASDAQ:UFAB) traded down $0.23 during midday trading on Monday, hitting $8.05. 11,031 shares of the stock traded hands.
Unique Fabricating (NASDAQ:UFAB) last announced its earnings results on Monday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%. The company had revenue of $44.52 million during the quarter, compared to analyst estimates of $46.47 million.
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Hedge funds have recently modified their holdings of the business. LSV Asset Management purchased a new stake in shares of Unique Fabricating in the 2nd quarter valued at approximately $120,000. LMR Partners LLP purchased a new stake in shares of Unique Fabricating in the 2nd quarter valued at approximately $167,000. Susquehanna International Group LLP acquired a new position in shares of Unique Fabricating in the second quarter valued at approximately $216,000. Kennedy Capital Management Inc. grew its holdings 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 valued at $1,669,000 after purchasing an additional 56,799 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings 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 valued at $1,699,000 after purchasing an additional 60,194 shares in 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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