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 is 0.00%.
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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FABRINET (FN): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
