Unique Fabricating (UFAB) Given “Buy” Rating at Roth Capital

Roth Capital reissued their buy rating on shares of Unique Fabricating (NYSEAMERICAN:UFAB) in a report published on Wednesday morning.

Several other research analysts have also weighed in on the company. Zacks Investment Research lowered Unique Fabricating from a hold rating to a sell rating in a research report on Tuesday, February 20th. TheStreet upgraded Unique Fabricating from a d+ rating to a c- rating in a research report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $10.75.

UFAB stock opened at $9.68 on Wednesday. Unique Fabricating has a 1 year low of $7.05 and a 1 year high of $10.85.

Unique Fabricating (NYSEAMERICAN:UFAB) last posted its quarterly earnings results on Thursday, May 10th. The auto parts company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $47.30 million during the quarter, compared to analyst estimates of $46.54 million. Unique Fabricating had a return on equity of 5.67% and a net margin of 1.73%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 31st will be given a $0.15 dividend. The ex-dividend date is Wednesday, May 30th. This represents a $0.60 annualized dividend and a yield of 6.20%.

A number of institutional investors have recently modified their holdings of UFAB. Pacific Ridge Capital Partners LLC lifted its stake in Unique Fabricating by 60.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 470,536 shares of the auto parts company’s stock worth $3,491,000 after purchasing an additional 177,566 shares in the last quarter. Weber Alan W lifted its stake in Unique Fabricating by 42.7% during the fourth quarter. Weber Alan W now owns 88,100 shares of the auto parts company’s stock worth $654,000 after purchasing an additional 26,371 shares in the last quarter. Royce & Associates LP lifted its stake in Unique Fabricating by 3.3% during the fourth quarter. Royce & Associates LP now owns 583,141 shares of the auto parts company’s stock worth $4,327,000 after purchasing an additional 18,752 shares in the last quarter. Ancora Advisors LLC lifted its stake in Unique Fabricating by 20.0% during the first quarter. Ancora Advisors LLC now owns 90,172 shares of the auto parts company’s stock worth $761,000 after purchasing an additional 15,020 shares in the last quarter. Finally, Perritt Capital Management Inc. lifted its stake in Unique Fabricating by 25.0% during the fourth quarter. Perritt Capital Management Inc. now owns 75,000 shares of the auto parts company’s stock worth $557,000 after purchasing an additional 15,000 shares in the last quarter.

About Unique Fabricating

Unique Fabricating, Inc engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration, harshness, acoustical management, water and air sealing, decorative, and other functional applications. It offers die cut products, such as trim insulation, headliner insulation, fender acoustical pad, A/B/C pillar cover, dashboard seal, cup holder base, and under hood insulation products, as well as heating, ventilation, and air conditioning (HVAC) seals; thermoformed and compression molded products, including HVAC air ducts, door water shields, evaporator liners, console bin mats and fender insulators, and others; and fusion molded products comprising interior mirror, body-in-white, cowl to hood, and cowl to fender seals.

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