Unique Fabricating Inc (NASDAQ:UFAB) has earned a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. Unique Fabricating’s rating score has declined by 33% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus target price of $12.00 for the company and are anticipating that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Unique Fabricating an industry rank of 50 out of 265 based on the ratings given to its competitors.
Several research firms have recently commented on UFAB. B. Riley reduced their price target on Unique Fabricating from $13.75 to $12.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Zacks Investment Research cut Unique Fabricating from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet cut Unique Fabricating from a “c-” rating to a “d+” rating in a report on Wednesday, August 16th. Finally, Roth Capital set a $11.00 price target on Unique Fabricating and gave the company a “buy” rating in a report on Tuesday, August 8th.
A number of institutional investors have recently added to or reduced their stakes in UFAB. Royce & Associates LP increased its position in Unique Fabricating by 56.6% during 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. Pacific Ridge Capital Partners LLC increased its position in Unique Fabricating by 59.3% during 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. Vanguard Group Inc. increased its position in Unique Fabricating by 50.9% during the second quarter. Vanguard Group Inc. now owns 178,448 shares of the company’s stock worth $1,699,000 after buying an additional 60,194 shares in the last quarter. Kennedy Capital Management Inc. increased its position in Unique Fabricating by 47.9% during 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. Finally, Susquehanna International Group LLP purchased a new position in Unique Fabricating during the second quarter worth $216,000.
Unique Fabricating (NASDAQ UFAB) traded up 1.59% during mid-day trading on Friday, hitting $7.65. The stock had a trading volume of 10,567 shares. The firm has a market cap of $74.63 million and a P/E ratio of 9.44. The stock has a 50-day moving average price of $7.53 and a 200 day moving average price of $9.25. Unique Fabricating has a 12-month low of $7.33 and a 12-month high of $15.25.
Unique Fabricating (NASDAQ:UFAB) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The business had revenue of $44.52 million during the quarter, compared to analyst estimates of $46.47 million. Unique Fabricating had a net margin of 3.75% and a return on equity of 13.16%. Equities analysts anticipate that Unique Fabricating will post $0.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend was Tuesday, August 29th.
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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