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Is Unique Fabricating a Good Motor Vehicle Parts Stock to Own? By StockNews

by Mike Robinson

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© Reuters. Are You a good stock to own in Unique Fabricating?

Unique Fabricating (NYSE 🙂 reports improved top-line, bottom-line numbers for its motor vehicle component company. The stock is up more than the wider market in the last month. But can the momentum continue? Read on.Engineer and manufacturer of components for transportation, appliance, medical, and consumer markets Unique Fabricating, Inc.’s (UFAB) shares have gained 19.7% over the past month. However, the shares are currently 56% lower than their all-time high price of $7.51 which was reached January 26 and 27. UFAB reports improved bottom-line and top-line results for the second quarter. However, it faces continuing labor shortages as well as supply chain problems.

UFAB has solid foundations and is poised to keep growing in the immediate term. Moreover, Doug Cain, UFAB’s President and CEO, said, “Industry forecasts continue to point to near-term recovery, and it appears there is meaningful pent-up demand.” So, UFAB’s near-term prospects look bright.

Here’s what could influence UFAB’s performance in the upcoming months:

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