Multi-Fineline Electronix Inc. (MFLX) Jumps 13.69% on January 14

Equities Staff |

Multi-Fineline Electronix Inc. (MFLX) was among the biggest gainers on the Russell 2000 for Thursday January 14 as the stock popped 13.69% to $14.62, representing a gain of $1.76 per share. Some 469,677 shares traded hands on 3,095 trades, compared with an average daily volume of 140,785 shares out of a total float of 24.4 million. The stock opened at $12.80 and traded with an intraday range of $14.97 to $12.59.

After today's gains, Multi-Fineline Electronix Inc. reached a market cap of $356.66 million. Multi-Fineline Electronix Inc. has had a trading range between $26.05 and $11.09 over the last year, and it had a 50-day SMA of $21.22 and a 200-day SMA of $20.18.

The stock has a P/E Ratio of 8.1.

Multi-Fineline Electronix Inc is engaged in the engineering, design and manufacture of flexible printed circuit boards along with related component assemblies.

Multi-Fineline Electronix Inc. is based out of Irvine, CA and has some 9,140 employees. Its CEO is Reza Meshgin.

For a complete fundamental analysis analysis of Multi-Fineline Electronix Inc., check out Equities.com’s Stock Valuation Analysis report for MFLX. 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.

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