Omega Flex Inc (NASDAQ: OFLX) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.48 versus $0.61 for the same period a year ago. For the latest four quarters through December 31, E.P.S. were $2.06 versus $2.34 for the same period a year ago.
Recent Price Action
On 3/6/24, Omega Flex Inc (NASDAQ: OFLX) stock increased 2.0%, closing at $69.43. However, trading volume in this advance was exceptionally low at 22% of normal. Relative to the market the stock has been weak over the last nine months and has declined -2.7% during the last week.
Current PriceTarget Research Rating
OFLX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Omega Flex 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. Omega Flex has a poor Power Rating of 18 and a very low Appreciation Score of 11, and the Lowest Value Trend Rating results.
Rating Review
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.
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