Fabrinet saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 88 to 96.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Fabrinet is not currently near a proper buy zone. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
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The stock earns a 97 EPS Rating, meaning its recent quarterly and annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 25% increase in earnings for Q2. Revenue was flat, matching the prior quarter's 17%.
Fabrinet holds the No. 3 rank among its peers in the Electronics-Contract Manufacturing industry group. Celestica is the No. 1-ranked stock within the group.
