Alert: Negative Fundamental Signals (8/9/19)-Luminex Corporation (NASDAQ: LMNX)

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Luminex Corporation (NASDAQ: LMNX). Extremely significant negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2020 decreased significantly, and the consensus estimate for December, 2019 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to fall short of the cost of capital, LMNX is expected to be a Value Eraser.

Luminex has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Luminex has a very low Appreciation Score of 12 and a very low Power Rating of 4, producing the Lowest Value Trend Rating.

Recent Price Action

On 8/9/19, Luminex Corporation (NASDAQ: LMNX) stock declined modestly by -0.4%, closing at $21.09. Trading volume in this decline was normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -2.4% during the last week.

About John Lafferty 54938 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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