Needham & Company Upgrades Multi-Fineline Electronix to Buy (MFLX)
Multi-Fineline Electronix (NASDAQ: MFLX) was upgraded by analysts at Needham & Company from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $27.00 price target on the stock.
Multi-Fineline Electronix traded down 0.37% on Friday, hitting $23.98. Multi-Fineline Electronix has a 52-week low of $17.03 and a 52-week high of $28.70. The company has a market cap of $569.5 million and a price-to-earnings ratio of 15.86.
Multi-Fineline Electronix last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.15. The company’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Multi-Fineline Electronix will post $0.49 EPS next quarter.
Multi-Fineline Electronix, Inc. is a provider of advanced, flexible printed circuits and value-added component assembly solutions to the electronics industry.