Unique manufacturing rating (NYSEAMERICAN: UFAB) has been increased to be maintained at Zacks Investment Research
One-off production (NYSEAMERICAN: UFAB – Get a rating) has been upgraded by Zacks Investment Research from a “sell” to a “hold” rating in a research report released Thursday to clients and investors, Zacks.com reports.
According to Zacks, “Unique Fabricating, Inc. is a component supplier to the automotive and industrial device market. The company’s solutions included multi-material foam, rubber and plastic components for noise, vibration and harshness management, acoustic management, water and air tightness, decoration and other functional applications. Its processes include die-cutting, thermoforming, compression molding, fusion molding and assembly. The company primarily operates in Auburn Hills, Michigan, LaFayette, Georgia and Monterrey, Mexico. Unique Fabricating, Inc. is headquartered in Auburn Hills, Michigan. “
NYSEAMERICAN: UFAB traded down $0.06 on Thursday, hitting $1.48. The stock recorded trading volume of 16,112 shares, compared to an average trading volume of 15,448 shares. The company has a market capitalization of $17.36 million, a price-earnings ratio of -2.35 and a beta of 1.39. Unique Fabricating has a 1 year minimum of $0.96 and a 1 year maximum of $5.00.
One-off production (NYSEAMERICAN: UFAB – Get a rating) last released its quarterly earnings data on Thursday, May 12. The auto parts company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.06. Unique Fabricating had a negative net margin of 5.12% and a negative return on equity of 23.76%. Analysts expect Unique Fabricating to post -0.2 earnings per share for the current year.
Institutional investors have recently increased or reduced their stake in the company. Morgan Stanley increased its stake in Unique Fabricating by 118.9% in the first quarter. Morgan Stanley now owns 6,130 shares of the auto parts company worth $36,000 after buying 3,330 additional shares during the period. Jane Street Group LLC purchased a new stake in Unique Fabricating in Q3 for approximately $40,000. First Eagle Investment Management LLC increased its stake in Unique Fabricating by 50.0% in the fourth quarter. First Eagle Investment Management LLC now owns 14,991 shares of the auto parts company worth $29,000 after buying an additional 5,000 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in Unique Fabricating by 2.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 761,149 shares of the auto parts company worth $1,446,000 after purchasing an additional 15,077 shares last quarter. 16.19% of the shares are held by hedge funds and other institutional investors.
Unique Manufacturing Company Profile (Get a rating)
Unique Fabricating, Inc designs and manufactures multi-material foam, rubber and plastic components used in noise, vibration, harshness, acoustic management, water and air tightness, decoration and other functional applications. The company offers die-cut products including noise, vibration, and harshness (NVH) pads for lining internal panels; buzzing, squeaking and rattling felts and flakes; foam blocks; and seals, gaskets, insulation and fastening tapes.
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