In yesterday’s Wall Street session, Fabrinet (NYSE:FN) shares traded at $246.07, up 1.52% from the previous session.
FN stock price is now 26.86% away from the 50-day moving average and 36.62% away from the 200-day moving average. The market capitalization of the company currently stands at $8.90B.
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With the price target enhanced from $200 to $220, Northland Capital Upgraded its rating from Market Perform to Outperform for Fabrinet (NYSE: FN). On February 06, 2024, Northland Capital Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $200, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, LEVINSON FRANK H, Director sold 6,000 shares of the company’s stock on May 24 ’24. The stock was sold for $1,450,272 at an average price of $241.71. Upon completion of the transaction, the Director now directly owns 5,709 shares in the company, valued at $1.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 24 ’24, Director Olson Rollance E. sold 1,000 shares of the business’s stock. A total of $245,619 was realized by selling the stock at an average price of $245.62. This leaves the insider owning 24,981 shares of the company worth $6.15 million. A total of 0.64% of the company’s stock is owned by insiders.
During the past 12 months, Fabrinet has had a low of $95.99 and a high of $248.00. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.52, and a quick ratio of 2.69. According to the stock market information, the enterprise value for the company is $8106588672, which is based on a 32.65 price-to-earnings ratio, a 3.64 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for FN is $194.9328 and a two-hundred day moving average price translates $180.72125 for the stock.
The latest earnings results from Fabrinet (NYSE: FN) was released for 2024-03-29. The net profit margin was 9.90% and return on equity was 17.79% for FN. The company reported revenue of $731.53 million for the quarter, compared to $665.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.96 percent.
