Dallas, Texas 09/24/2013 (Financialstrend) – Jabil Circuit, Inc. (NYSE:JBL) shares were up 1.73% compared to its previous day close of $23.11. As of close of business on September 23, the company shares were trading at $23.51 representing a 3.33% dip from its 52 week high valuation of $23.51 and a 43% increase over its prior 52 week low pricing of $16.39 per share. Over 5.42 million shares of its stock were sold through the trading day yesterday, in comparison to 1.7 million average daily trading volume. The company has a market capitalization of $4.68 billion with 202 million outstanding shares. The company has recorded a dividend yield of 1.36% for the quarter. It paid out a dividend of $0.08 per share to its shareholders on September 3. The company stock has shown a greater growth rate compared to both the Dow Jones and Industrials index. The Dow was down 0.32% while industrial index was down by 0.35%.
Over the last three months, the shares have appreciated by 21% and in the last 30 days it has appreciated by 1.2%. This steady gain in its share value growth can be ascribed to the global reorganization and restructuring plans that the company had announced in June’13. The plan involved realigning its global operations in order to understand and service its customer needs better and was purported to cost about $188 million.
Jabil Circuit, Inc. (NYSE:JBL)v is into electronic manufacturing servicing customers from across the globe. It services customers in various verticals like defence, maritime, aircraft, electronic communications, precession engineering and machine tools manufacturing. The Company operates in a hub and spoke model and leverages the cost arbitrations derived by co locating its manufacturing and design facilities in centres across the globe. It has employees based in 29 countries and depends on human resources from across the globe to further its R& D efforts.