For its second fiscal quarter (ending June 30), Omega Flex Inc (NASDAQ: OFLX) has reported E.P.S. of $0.45 compared to $0.45 a year ago. For the latest four quarters through June 30, E.P.S. were $1.89 compared to $2.28 a year ago.
Recent Price Action
Omega Flex Inc (NASDAQ: OFLX) stock closed at $52.58 on 7/31/24 after a slight decline of -0.06%. However, trading volume in this decline was unusually low at 51% of normal. The stock has declined -0.8% during the last week and has been extremely weak relative to the market over the last nine months.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Omega Flex has a poor Appreciation Score of 17 and a very low Power Rating of 13, 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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