Flex Ltd (NASDAQ:FLEX) EVP David Scott Offer sold 6,751 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $9.63, for a total transaction of $65,012.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Scott Offer also recently made the following trade(s):
- On Thursday, June 20th, David Scott Offer sold 6,369 shares of Flex stock. The stock was sold at an average price of $9.56, for a total transaction of $60,887.64.
Flex stock opened at $9.80 on Friday. The business’s 50-day simple moving average is $9.48. Flex Ltd has a one year low of $6.74 and a one year high of $15.38. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.71 and a current ratio of 1.20. The firm has a market cap of $5.03 billion, a P/E ratio of 57.53, a price-to-earnings-growth ratio of 0.61 and a beta of 1.80.
Large investors have recently modified their holdings of the stock. Front Row Advisors LLC lifted its stake in Flex by 646.9% in the 1st quarter. Front Row Advisors LLC now owns 2,547 shares of the technology company’s stock valued at $25,000 after purchasing an additional 2,206 shares during the last quarter. Willingdon Wealth Management acquired a new stake in Flex in the 1st quarter valued at about $27,000. Fiera Capital Corp acquired a new stake in Flex in the 4th quarter valued at about $80,000. NumerixS Investment Technologies Inc acquired a new stake in Flex in the 4th quarter valued at about $96,000. Finally, Blueshift Asset Management LLC acquired a new stake in Flex in the 4th quarter valued at about $96,000. Institutional investors and hedge funds own 94.49% of the company’s stock.
A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Flex from a “hold” rating to a “buy” rating in a research note on Tuesday. BidaskClub upgraded shares of Flex from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Goldman Sachs Group upgraded shares of Flex from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of Flex from a “neutral” rating to an “overweight” rating and set a $12.00 price objective for the company in a research note on Wednesday, May 29th. Finally, Zacks Investment Research downgraded shares of Flex from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.67.
Flex Company Profile
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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