Fabrinet ( FN ) saw a big move in the last trading session, as the company's shares fell over 18% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for FN, as the stock is now down over 27% in the past one-month time frame.
The company, a provider of precision optical, electro-mechanical and electronic manufacturing services, has seen 1 negative estimate revision over the past month compared to none higher, though the current year earnings consensus hasn't been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
FN currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Investors interested in the Electrical Components industry may consider better-ranked stocks like AVX Corp. ( AVX
), Park Electrochemical Corp. ( PKE
) and TDK Corp. ( TTDKY
), each carrying a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportFABRINET (FN): Free Stock Analysis ReportPARK ELECTROCHE (PKE): Free Stock Analysis ReportTDK CORP-ADS (TTDKY): Get Free ReportAVX CORP (AVX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research