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Friday, May 4, 2012

Potentially Oversold Level Reached (NASDAQ: MFLX)

Shares of MFLX fell by 1.88% or $-0.47/share to $24.55. NASDAQ is trading at a price to book ratio of 1.4. The PEG is 0.71 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.72. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 56768 shares of MFLX exchange hands on a given day and today's volume is recorded at 25042. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

Multi-Fineline Electronix, Inc., (MFLEX) is a provider of advanced, flexible printed circuits and value-added component assembly solutions to the electronics industry.