Fabrinet (FN) Jumps 8.93% on January 29

Equities Staff  |

Fabrinet (FN) was among the biggest gainers on the Russell 2000 for Friday January 29 as the stock popped 8.93% to $24.75, representing a gain of $2.03 per share. Some 424,290 shares traded hands on 3,621 trades, compared with an average daily volume of 281,172 shares out of a total float of 35.78 million. The stock opened at $22.91 and traded with an intraday range of $24.76 to $22.74.

After today's gains, Fabrinet reached a market cap of $885.66 million. Fabrinet has had a trading range between $24.53 and $15.68 over the last year, and it had a 50-day SMA of $23.14 and a 200-day SMA of $20.33.

The stock has a P/E Ratio of 25.

Fabrinet provides optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers and sensors.

Fabrinet is based out of Grand Cayman, and has some 6,845 employees. Its CEO is David T. Mitchell.

For a complete fundamental analysis analysis of Fabrinet, check out Equities.com’s Stock Valuation Analysis report for FN. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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