Meaningful negative changes in Luminex Corp (NASDAQ: LMNX) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2020 decreased significantly.
Luminex Corp (NASDAQ: LMNX) has recently experienced significant negative changes in investment behavior: its shorter term price trend turned down.
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.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Luminex has a poor Appreciation Score of 16 and a very low Power Rating of 14, and the Lowest Value Trend Rating results.
Recent Price Action
On 11/11/19, Luminex Corp (NASDAQ: LMNX) stock enjoyed a very large increase of 5.0%, closing at $19.29. Moreover, unusually high trading volume at 194% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months and has declined -9.6% during the last week.