Multi-Fineline Electronix Inc. Stock Upgraded (MFLX)
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 270.5% when compared to the same quarter one year prior, rising from $2.38 million to $8.82 million.
- MFLX's revenue growth trails the industry average of 20.6%. Since the same quarter one year prior, revenues slightly increased by 6.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
- MFLX has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, MFLX has a quick ratio of 1.69, which demonstrates the ability of the company to cover short-term liquidity needs.
- MULTI-FINELINE ELECTRON INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MULTI-FINELINE ELECTRON INC reported lower earnings of $1.16 versus $1.81 in the prior year. This year, the market expects an improvement in earnings ($1.82 versus $1.16).
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. When compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, MULTI-FINELINE ELECTRON INC's return on equity is below that of both the industry average and the S&P 500.
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