Fabrinet (NYSE:FN) CFO Toh-Seng Ng sold 30,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $52.70, for a total value of $1,581,000.00. Following the completion of the transaction, the chief financial officer now owns 117,340 shares in the company, valued at $6,183,818. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
FN stock opened at $52.73 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.09 and a current ratio of 3.00. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.30 and a beta of 0.68. Fabrinet has a 1-year low of $24.02 and a 1-year high of $54.70.
Fabrinet (NYSE:FN) last posted its earnings results on Monday, November 5th. The technology company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.24. The firm had revenue of $377.00 million for the quarter, compared to analyst estimates of $352.28 million. Fabrinet had a return on equity of 13.53% and a net margin of 6.54%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Analysts predict that Fabrinet will post 3.12 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Fabrinet during the third quarter worth about $110,000. BlueMountain Capital Management LLC bought a new position in Fabrinet during the third quarter worth about $111,000. Csenge Advisory Group bought a new position in Fabrinet during the third quarter worth about $117,000. C M Bidwell & Associates Ltd. bought a new position in Fabrinet during the third quarter worth about $169,000. Finally, Boenning & Scattergood Inc. bought a new position in Fabrinet during the third quarter worth about $222,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.
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Fabrinet Company Profile
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test.
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