Flex Ltd. (NASDAQ:FLEX – Get Free Report) insider Kwang Hooi Tan sold 8,027 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total value of $231,257.87. Following the sale, the insider now owns 159,718 shares of the company’s stock, valued at approximately $4,601,475.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Flex Stock Down 1.8 %
Shares of NASDAQ:FLEX opened at $28.23 on Friday. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.78 and a beta of 1.20. The company has a quick ratio of 0.86, a current ratio of 1.59 and a debt-to-equity ratio of 0.53. Flex Ltd. has a 12-month low of $19.44 and a 12-month high of $30.93. The business’s 50 day moving average is $26.04 and its 200 day moving average is $26.38.
Flex (NASDAQ:FLEX – Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.10. Flex had a return on equity of 16.24% and a net margin of 2.56%. The business had revenue of $7.10 billion for the quarter, compared to analysts’ expectations of $6.73 billion. On average, sell-side analysts forecast that Flex Ltd. will post 2.16 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several research firms have recently commented on FLEX. The Goldman Sachs Group boosted their price objective on Flex from $29.00 to $37.00 and gave the company a “buy” rating in a report on Monday, March 4th. StockNews.com began coverage on Flex in a report on Wednesday, March 6th. They set a “hold” rating for the company.
Get Our Latest Stock Analysis on FLEX
About Flex
Flex Ltd. provides technology, supply chain, and manufacturing solutions in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. The FAS segment offers flexible supply and manufacturing system comprising communications, enterprise and cloud solution, which includes data, edge, and communications infrastructure; lifestyle solution including appliances, consumer packaging, floorcare, micro mobility, and audio; and consumer devices, such as mobile and high velocity consumer devices.
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