Zacks Upgrades Multi-Fineline Electronix to Neutral (MFLX)
Multi-Fineline Electronix (NASDAQ:MFLX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $16.60 price objective on the stock. Zacks‘ price objective points to a potential upside of 2.41% from the company’s current price.
Multi-Fineline Electronix (NASDAQ:MFLX) traded up 1.54% on Tuesday, hitting $16.46. The stock had a trading volume of 16,948 shares. Multi-Fineline Electronix has a 1-year low of $13.89 and a 1-year high of $24.69. The stock’s 50-day moving average is $15.47 and its 200-day moving average is $15.3. The company’s market cap is $395.8 million.
Multi-Fineline Electronix (NASDAQ:MFLX) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.77) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.51) by $0.26. The company had revenue of $136.10 million for the quarter, compared to the consensus estimate of $159.93 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 19.9% on a year-over-year basis. On average, analysts predict that Multi-Fineline Electronix will post $-1.34 earnings per share for the current fiscal year.
Multi-Fineline Electronix, Inc, (NASDAQ:MFLX) is a provider of advanced, flexible printed circuits and value-added component assembly solutions to the electronics industry.
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