Unique Fabricating (UFAB) Downgraded to “Sell” at Zacks Investment Research

Unique Fabricating (NYSEAMERICAN:UFAB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, Zacks.com reports.

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. “

Separately, B. Riley set a $7.00 price target on Unique Fabricating and gave the company a “buy” rating in a research note on Thursday, May 16th.

UFAB stock traded up $0.04 during trading on Tuesday, reaching $3.10. 6,869 shares of the company traded hands, compared to its average volume of 12,836. Unique Fabricating has a 12 month low of $3.06 and a 12 month high of $9.70.

Unique Fabricating (NYSEAMERICAN:UFAB) last issued its quarterly earnings data on Thursday, May 9th. The auto parts company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). The company had revenue of $39.47 million during the quarter, compared to the consensus estimate of $44.14 million.

Large investors have recently made changes to their positions in the company. First Wilshire Securities Management Inc. boosted its stake in shares of Unique Fabricating by 72.7% in the fourth quarter. First Wilshire Securities Management Inc. now owns 295,310 shares of the auto parts company’s stock worth $1,246,000 after acquiring an additional 124,310 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in shares of Unique Fabricating by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 614,054 shares of the auto parts company’s stock worth $2,757,000 after acquiring an additional 103,427 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Unique Fabricating by 5.7% in the first quarter. Royce & Associates LP now owns 583,841 shares of the auto parts company’s stock worth $2,621,000 after acquiring an additional 31,600 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in shares of Unique Fabricating by 1.5% in the third quarter. Vanguard Group Inc now owns 209,102 shares of the auto parts company’s stock worth $1,694,000 after acquiring an additional 3,100 shares during the last quarter.

Unique Fabricating Company Profile

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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