Fabrinet Reaches New 12-Month Low at $13.57 (FN)
Fabrinet (NYSE:FN)’s share price reached a new 52-week low on Monday , Stock Ratings Network reports. The company traded as low as $13.57 and last traded at $14.51, with a volume of 675,187 shares. The stock had previously closed at $17.75.
Separately, 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.70.
The stock has a 50-day moving average of $19.45 and a 200-day moving average of $19.69. The company has a market cap of $510.1 million and a P/E ratio of 6.52.
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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