B. Riley Reaffirms Neutral Rating for Multi-Fineline Electronix, Inc. (MFLX)
Multi-Fineline Electronix, Inc. (NASDAQ:MFLX)‘s stock had its “neutral” rating reissued by equities research analysts at B. Riley in a note issued to investors on Tuesday. They currently have a $23.00 target price on the stock. B. Riley’s price objective indicates a potential downside of 0.39% from the stock’s current price.
Separately, Zacks Investment Research lowered Multi-Fineline Electronix from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 7th. Five analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $22.33.
Multi-Fineline Electronix (NASDAQ:MFLX) opened at 23.09 on Tuesday. The company has a 50-day moving average of $23.25 and a 200 day moving average of $21.81. Multi-Fineline Electronix has a 52 week low of $12.59 and a 52 week high of $25.62.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/11/b-riley-reaffirms-neutral-rating-for-multi-fineline-electronix-inc-mflx.html
Other hedge funds and institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Multi-Fineline Electronix by 1,215.2% in the first quarter. JPMorgan Chase & Co. now owns 6,050 shares of the company’s stock valued at $140,000 after buying an additional 5,590 shares in the last quarter. Virginia Retirement System purchased a new position in shares of Multi-Fineline Electronix during the first quarter valued at $318,000. Springbok Capital Management LLC boosted its position in shares of Multi-Fineline Electronix by 53.1% in the first quarter. Springbok Capital Management LLC now owns 19,700 shares of the company’s stock valued at $457,000 after buying an additional 6,831 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Multi-Fineline Electronix by 35.6% in the first quarter. Goldman Sachs Group Inc. now owns 20,427 shares of the company’s stock valued at $474,000 after buying an additional 5,365 shares in the last quarter. Finally, Opera Trading Capital purchased a new position in shares of Multi-Fineline Electronix during the first quarter valued at $475,000.
Multi-Fineline Electronix Company Profile
Multi-Fineline Electronix, Inc is engaged in the engineering, design and manufacture of flexible circuit boards along with related component assemblies. The Company provides flexible printed circuits and value-added component assembly solutions to the electronics industry. The Company provides its solutions to original equipment manufacturers (OEMs) and to electronic manufacturing services (EMS) providers.
Receive News & Ratings for Multi-Fineline Electronix Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Multi-Fineline Electronix Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.