Unique Fabricating (UFAB) PT Set at $7.00 by B. Riley

Unique Fabricating (NYSEAMERICAN:UFAB) has been assigned a $7.00 price target by research analysts at B. Riley in a research note issued to investors on Thursday, TipRanks reports. The brokerage presently has a “buy” rating on the auto parts company’s stock. B. Riley’s price target indicates a potential upside of 119.44% from the company’s current price.

Separately, Zacks Investment Research raised shares of Unique Fabricating from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 29th.

Shares of NYSEAMERICAN:UFAB traded down $0.10 during trading on Thursday, reaching $3.19. 4,433 shares of the company’s stock traded hands, compared to its average volume of 12,843. Unique Fabricating has a 12 month low of $3.13 and a 12 month high of $9.70.

Unique Fabricating (NYSEAMERICAN:UFAB) last announced 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 for the quarter, compared to analyst estimates of $44.14 million.

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

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.

Further Reading: How a Strangle Strategy is different from a Straddle Strategy

Receive News & Ratings for Unique Fabricating Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unique Fabricating and related companies with MarketBeat.com's FREE daily email newsletter.