Flex Ltd (NASDAQ:FLEX) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 12,611,575 shares, a decrease of 14.1% from the April 15th total of 14,678,508 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,413,468 shares, the short-interest ratio is presently 2.3 days.
Shares of FLEX stock opened at $9.27 on Friday. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 51.50, a P/E/G ratio of 0.62 and a beta of 1.80. Flex has a 52 week low of $6.74 and a 52 week high of $15.38. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.75 and a current ratio of 1.26.
Flex (NASDAQ:FLEX) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Flex had a net margin of 0.36% and a return on equity of 2.99%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. As a group, equities analysts expect that Flex will post 0.98 earnings per share for the current fiscal year.
FLEX has been the subject of several recent analyst reports. BidaskClub raised shares of Flex from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine raised shares of Flex from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Finally, Zacks Investment Research raised shares of Flex from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.33.
Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. It operates through Communications & Enterprise Compute, Consumer Technologies Group, Industrial and Emerging Industries, and High Reliability Solutions segments.
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