Multi Fineline Electronix has emerged repeatedly in the Baseline Analytics Wrapper Value Stock Report.
The provider of engineering, design, and manufacture of flexible printed circuit boards and related component assemblies for the electronics industry sports several value-based fundamental criteria that earned it a "value" classification in the value stock list that Baseline Analytics uses to run its daily screeners. After combing through our value stock list, Baseline Analytics' screeners search for technical criteria to pinpoint those value opportunities that may represent an attractive entry point.
Here are some of the key value-based criteria that look interesting about MFLX:
- PEG Ratio of .76
- Trailing PE of 3; Forward PE of 12
- Increasing earnings estimates and a record of beating EPS estimates over the last 4 quarters.
In recent news, MFLX reported Net Income of $13.7 million, or $0.54 per diluted share, an increase of 131 percent from $5.9 million, or $0.24 per diluted share, in the same period last year. As reported by Yahoo Finance, Reza Meshgin, Chief Executive Officer of MFLEX, commented, "With outstanding operational execution during the third quarter, we achieved our fifth consecutive quarter of strong profitability with earnings per share more than doubling year-over-year. We saw a sequential increase in net sales driven by new programs that ramped during the third quarter. Gross margin also increased sequentially and exceeded our guidance range as we effectively managed the launch and ramp of these new programs. Additionally, we generated strong cash flows during the quarter, growing our cash position to $168.5 million, an all-time high for MFLEX."
As for screener results, we look for stocks that have liquid trading volume and are priced in a "Bullish" zone. Our next step is to deliver this screened list in our "volume surge" format, which highlights volume and price activity over recent, multiple timeframes. In addition, technical criteria such as RSI and ADX are identified to help hone the list to those with more attractive technical features. Here is a current chart of MFLX and some technical highlights:
MFLX rose to the top of our value wrapper list recently, and we highlighted MFLX in our "call-out" list from November 9th.
Gems such as MFLX pop up all the time. Subscribers to BLA can download the Excel list wrapper report and review at their leisure (links to further research are provided). Bottom line, our service streamlines your investment analysis by delivering targeted opportunities to your desktop on a regular basis.
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