Multi-Fineline Electronix Stock Gaps Down On Today's Open (MFLX)
Shares of Multi-Fineline Electronix Incorporated (Nasdaq:MFLX) were gapping down Friday morning with an open price 10.5% lower than Thursday's closing price. The stock closed at $21.73 yesterday and opened today's trading at $19.45.
NEW YORK ( TheStreet) -- Shares of Multi-Fineline Electronix Incorporated (Nasdaq: MFLX) were gapping down Friday morning with an open price 10.5% lower than Thursday's closing price. The stock closed at $21.73 Thursday and opened today's trading at $19.45. The average volume for Multi-Fineline Electronix has been 83,600 shares per day over the past 30 days. Multi-Fineline Electronix has a market cap of $524.2 million and is part of the technology sector and electronics industry. Shares are down 18% year to date as of the close of trading on Thursday. 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 15.2, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Multi-Fineline Electronix as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Multi-Fineline Electronix Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.