Unique Fabricating Inc (NASDAQ:UFAB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

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. “

Other research analysts have also issued reports about the company. B. Riley reduced their target price on Unique Fabricating from $13.75 to $12.00 and set a “buy” rating on the stock in a report on Thursday, August 3rd. Roth Capital set a $11.00 price target on Unique Fabricating and gave the company a “buy” rating in a report on Tuesday.

Unique Fabricating (UFAB) opened at 7.55 on Thursday. Unique Fabricating has a 52-week low of $7.45 and a 52-week high of $15.93. The firm has a market capitalization of $73.65 million and a price-to-earnings ratio of 10.79. The company’s 50-day moving average price is $9.06 and its 200 day moving average price is $10.75.

Unique Fabricating (NASDAQ:UFAB) last posted its earnings results on Monday, August 7th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The business had revenue of $44.52 million for the quarter, compared to the consensus estimate of $46.47 million. Unique Fabricating had a return on equity of 16.29% and a net margin of 4.28%. Equities analysts predict that Unique Fabricating will post $0.74 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Kennedy Capital Management Inc. increased its stake in 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 in the last quarter. LSV Asset Management bought a new stake in Unique Fabricating during the second quarter worth about $120,000. Pacific Ridge Capital Partners LLC increased its stake in 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 in the last quarter. Royce & Associates LP increased its stake in Unique Fabricating by 56.6% in the second quarter. Royce & Associates LP now owns 564,389 shares of the company’s stock worth $5,373,000 after buying an additional 203,900 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in Unique Fabricating during the second quarter worth about $167,000.

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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