Multi-Fineline Electronix (MFLX) announced after the bell Wednesday that it now expects to report first quarter net sales of approximately $239 million. The consensus estimate is for revenues of $215.17 million.
Multi-Fineline Electronix gapped open sharply higher Thursday and rose during the first half hour of trade. The stock was range-bound for the remainder of the day and closed up by 3.87 at $25.40, with volume at over a 6-month high. Shares broke out past resistance and finished at over an 8-month high.
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