Omega Flex Inc (NASDAQ: OFLX) has reported earnings for its third fiscal quarter (ending September 30) of $0.46 versus $0.55 for the same period a year ago — a decline of -16%. For the latest four quarters through September 30, E.P.S. were $1.80 compared to $2.18 a year ago — a decline of -17%.
Recent Price Action
On 10/30/24, Omega Flex Inc (NASDAQ: OFLX) stock increased 1.3%, closing at $50.43. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months but has risen 2.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, OFLX is expected to continue to be an important Value Builder.
Omega Flex 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. Omega Flex has a poor Power Rating of 27 and a poor Appreciation Score of 21, producing the Lowest Value Trend Rating.
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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