Published On: Sun, Sep 11th, 2016

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.

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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.

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