Luminex Corp (NASDAQ: LMNX) has reported a loss for its third fiscal quarter (ending September 30) of $-0.12 versus $0.04 for the same period a year ago — a decline of -400%. This performance was $-0.09 short of the consensus estimate of $-0.03. E.P.S. were $-0.21 for the latest four quarters through September 30 versus $0.40 for the same period a year ago — a decline of -152%.
Recent Price Action
On 11/4/19, Luminex Corp (NASDAQ: LMNX) stock suffered a very large decline of -8.4%, closing at $19.55. Moreover, this decline was accompanied by exceptionally high trading volume at 387% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Luminex has a poor Power Rating of 22 and a very low Appreciation Score of 12, resulting in the Lowest Value Trend Rating.
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.