Fabrinet (NYSE:FN) hit a new 52-week low on Friday . The stock traded as low as $27.72 and last traded at $28.68, with a volume of 398500 shares traded. The stock had previously closed at $29.11.

Several equities research analysts have recently weighed in on FN shares. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Fabrinet in a research report on Friday, November 10th. JPMorgan Chase & Co. cut shares of Fabrinet from an “overweight” rating to a “neutral” rating and set a $42.00 price target for the company. in a research report on Tuesday, November 7th. B. Riley lowered their price target on shares of Fabrinet from $46.50 to $42.50 and set a “buy” rating for the company in a research report on Friday, November 3rd. ValuEngine cut shares of Fabrinet from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research cut shares of Fabrinet from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Fabrinet presently has an average rating of “Hold” and a consensus price target of $46.42.

The company has a quick ratio of 1.85, a current ratio of 2.70 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1,040.00, a P/E ratio of 11.05, a P/E/G ratio of 1.08 and a beta of 1.00.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, November 6th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.07). Fabrinet had a return on equity of 14.35% and a net margin of 6.60%. sell-side analysts anticipate that Fabrinet will post 2.22 earnings per share for the current year.

In other Fabrinet news, insider David T. Mitchell sold 8,600 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $30.02, for a total transaction of $258,172.00. Following the transaction, the insider now owns 111,057 shares in the company, valued at approximately $3,333,931.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David T. Mitchell sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $1,546,500.00. Following the transaction, the insider now owns 111,057 shares in the company, valued at approximately $3,434,993.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,600 shares of company stock valued at $3,306,172. 3.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Fabrinet by 0.4% during the 2nd quarter. BlackRock Inc. now owns 4,328,966 shares of the technology company’s stock valued at $184,673,000 after purchasing an additional 17,385 shares in the last quarter. FMR LLC increased its stake in Fabrinet by 31.8% during the 2nd quarter. FMR LLC now owns 2,772,212 shares of the technology company’s stock valued at $118,262,000 after purchasing an additional 669,201 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Fabrinet by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,042,651 shares of the technology company’s stock valued at $75,701,000 after purchasing an additional 14,887 shares in the last quarter. Vanguard Group Inc. increased its stake in Fabrinet by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,984,041 shares of the technology company’s stock valued at $84,640,000 after purchasing an additional 90,477 shares in the last quarter. Finally, Royce & Associates LP increased its stake in Fabrinet by 11.1% during the 3rd quarter. Royce & Associates LP now owns 1,551,460 shares of the technology company’s stock valued at $57,497,000 after purchasing an additional 155,010 shares in the last quarter. Institutional investors and hedge funds own 94.61% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Fabrinet (FN) Reaches New 12-Month Low at $27.72” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2018/01/20/fabrinet-fn-reaches-new-12-month-low-at-27-72.html.

Fabrinet Company Profile

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers (OEMs) of products, such as optical communication components, modules and sub-systems, industrial lasers, medical devices and sensors. The Company offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and test.

Receive News & Ratings for Fabrinet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fabrinet and related companies with MarketBeat.com's FREE daily email newsletter.