Needham & Company Downgrades Multi-Fineline (MFLX) to Hold; Reports Weak F4Q; Thailand Flood Impact Plus Customer Push-Outs Cloud Outlook

Needham & Company downgraded Multi-Fineline (NASDAQ: MFLX) from Buy to Hold.

Needham analyst says, "We are downgrading MFLX from Buy to Hold as we believe the company has too many near-term issues to have comfort that
business levels have stabilized (specifically the negative component impacts from the flooding in Thailand, the excess inventory from manufacturing overbuild after 2 key customer push-outs, and the margin headwinds created by each)."

For more ratings news on Multi-Fineline click here and for the rating history of Multi-Fineline click here.

Shares of Multi-Fineline closed at $22.88 yesterday.

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