Unique Fabricating Inc (UFAB) Stock Rating Lowered by Zacks Investment Research

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

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. “

Several other research analysts also recently commented on UFAB. Taglich Brothers reaffirmed a “speculative buy” rating on shares of Unique Fabricating in a research note on Wednesday, July 26th. B. Riley reduced their price target on shares of Unique Fabricating from $13.75 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Roth Capital set a $11.00 price target on shares of Unique Fabricating and gave the stock a “buy” rating in a research note on Tuesday, August 8th. TheStreet downgraded shares of Unique Fabricating from a “c-” rating to a “d+” rating in a research note on Wednesday, August 16th. Finally, ValuEngine raised shares of Unique Fabricating from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. 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 company currently has an average rating of “Hold” and a consensus target price of $11.50.

Shares of Unique Fabricating (NYSEAMERICAN:UFAB) traded down $0.12 on Tuesday, hitting $7.68. 4,700 shares of the stock traded hands, compared to its average volume of 22,341. Unique Fabricating has a 1-year low of $7.05 and a 1-year high of $15.25.

Unique Fabricating (NYSEAMERICAN:UFAB) last announced its earnings results on Thursday, November 9th. The auto parts company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.05). Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%. The firm had revenue of $41.23 million during the quarter, compared to analysts’ expectations of $42.68 million.

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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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