Fabrinet (NYSE:FN) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Having a price of $41.79, Fabrinet (NYSE:FN) traded 0.27% higher on the day. With the last close up 10.63% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Fabrinet has recorded a 50-day average of $42.57 and a two hundred day average of $37.33. Volume of trade was down over the average, with 238,817 shares of FN changing hands under the typical 544,117
Zacks Investment Research has downgraded Fabrinet (NYSE:FN) to Sell in a statement released on 10/11/2016.
On Wednesday August 17, 2016, Zacks Investment Research released a statement on Fabrinet (NYSE:FN) upped the target price from $0.00 to $46.00 that suggested an upside of 0.15%.
With a total market value of $0, Fabrinet has price-earnings ratio of 24.58 with a one year low of $20.46 and a one year high of $46.50 .
A total of 6 analysts have released a report on Fabrinet. One analyst rating the company a strong buy, five analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $34.17.
More About Fabrinet (NYSE:FN)
Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test. The Company's customer base includes companies in industries that require precision manufacturing capabilities, such as optical communications, industrial lasers, automotive, medical and sensors. Its customers in these industries support end-markets, including automotive, biotechnology, communications, materials processing, medical devices, metrology and semiconductor processing.
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