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Multi-Fineline Electronix Stock Gaps Up On Today's Open (MFLX)

NEW YORK ( TheStreet) -- Shares of Multi-Fineline Electronix (Nasdaq: MFLX) were gapping up Thursday morning with an open price 11.5% higher than Wednesday's closing price. The stock closed at $21.53 Wednesday and opened today's trading at $24.01.

The average volume for Multi-Fineline Electronix has been 57,000 shares per day over the past 30 days. Multi-Fineline Electronix has a market cap of $495.2 million and is part of the technology sector and electronics industry. Shares are up 4.8% year to date as of the close of trading on Wednesday.

Multi-Fineline Electronix, Inc. engages in the engineering, design, and manufacture of flexible printed circuit boards and related component assemblies for the electronics industry. The company has a P/E ratio of 14.6, above the average electronics industry P/E ratio of 13.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Multi-Fineline Electronix as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Multi-Fineline Electronix Ratings Report.

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