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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