Fabrinet (FN) to Release Quarterly Earnings on Monday
Fabrinet (NYSE:FN) is scheduled to announce its Q414 earnings results on Monday, August 18th. Investors interested in listening to the company’s conference call can do so using this link.
Fabrinet (NYSE:FN) opened at 17.07 on Friday. Fabrinet has a 52-week low of $13.66 and a 52-week high of $22.67. The stock has a 50-day moving average of $19.53 and a 200-day moving average of $19.69. The company has a market cap of $599.2 million and a P/E ratio of 6.75.
On a related note, analysts at B. Riley downgraded shares of Fabrinet from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $21.00 price target on the stock, down previously from $26.50. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.70.
In other Fabrinet news, CEO David T. Mitchell sold 40,000 shares of the stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $18.35, for a total value of $734,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (NYSE:FN) of complex products, such as optical communication components, modules and sub-systems, industrial lasers and sensors.
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