Omega Flex Inc (NASDAQ: OFLX) has reported E.P.S. of $0.42 for its first fiscal quarter (ending March 31) versus $0.57 for the same period a year ago — a decline of -26%. For the latest four quarters through March 31, E.P.S. were $1.90 compared to $2.37 a year ago — a decline of -20%.
Recent Price Action
Omega Flex Inc (NASDAQ: OFLX) stock increased 1.2% on 5/1/24. The shares closed at $67.08. Moreover, unusually high trading volume at 168% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months and has declined -0.6% 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 an important 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 20 and a very low Appreciation Score of 11, triggering 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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