Fabrinet (NYSE:FN) traded at a new 52-week high today of $122.53. So far today approximately 55,000 shares have been exchanged, as compared to an average 30-day volume of 168,000 shares.
Fabrinet share prices have moved between a 52-week high of $122.53 and a 52-week low of $65.48 and are now trading 85% above that low price at $121.20 per share.
Fabrinet is a United States-based company that is principally engaged in providing outsourced manufacturing services to original equipment manufacturers (OEM). These OEM customers are mainly companies in complex industries that require precision manufacturing capabilities. The company offers a wide range of optical and electro-mechanical manufacturing capabilities across the whole producing process. It helps its customers to manufacture various products, such as selective switching products, active optical cables, tunable transponders and transceivers, lasers, and sensors. The company generates the majority of revenue from North America and Asia-Pacific, with the rest from Europe.
Based on a current price of $121.20, Fabrinet is currently 8.1% above its average consensus analyst price target of $111.39.
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