Unique Fabricating (UFAB) Rating Lowered 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 report issued 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. “

UFAB has been the topic of a number of other research reports. B. Riley reaffirmed a “buy” rating and set a $12.00 price target on shares of Unique Fabricating in a research report on Monday, November 6th. TheStreet raised Unique Fabricating from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Unique Fabricating currently has an average rating of “Hold” and a consensus price target of $11.50.

Unique Fabricating (UFAB) opened at $7.51 on Tuesday. Unique Fabricating has a 1 year low of $7.05 and a 1 year high of $12.22. The company has a market capitalization of $74.45 and a price-to-earnings ratio of 11.92.

Hedge funds and other institutional investors have recently modified their holdings of the company. Perritt Capital Management Inc. lifted its position in shares of Unique Fabricating by 25.0% during the 4th quarter. Perritt Capital Management Inc. now owns 75,000 shares of the auto parts company’s stock valued at $557,000 after buying an additional 15,000 shares during the last quarter. Connors Investor Services Inc. lifted its position in shares of Unique Fabricating by 47.9% during the 4th quarter. Connors Investor Services Inc. now owns 41,669 shares of the auto parts company’s stock valued at $309,000 after buying an additional 13,498 shares during the last quarter. Royce & Associates LP raised its stake in shares of Unique Fabricating by 3.3% during the 4th quarter. Royce & Associates LP now owns 583,141 shares of the auto parts company’s stock valued at $4,327,000 after purchasing an additional 18,752 shares during the period. Weber Alan W raised its stake in shares of Unique Fabricating by 42.7% during the 4th quarter. Weber Alan W now owns 88,100 shares of the auto parts company’s stock valued at $654,000 after purchasing an additional 26,371 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Unique Fabricating by 60.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 470,536 shares of the auto parts company’s stock valued at $3,491,000 after purchasing an additional 177,566 shares during the period.

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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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