Owens & Minor Inc. (NYSE: OMI) has reported a loss for its second fiscal quarter (ending June 30) of $-0.42 versus a loss $-0.37 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.55 compared to $-1.30 a year ago.
Recent Price Action
Owens & Minor Inc. (NYSE: OMI) stock closed at $16.20 on 8/2/24 after a modest decline of -1.3%. Moreover, unusually high trading volume at 161% of normal accompanied the decline. The stock has risen 3.4% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OMI is expected to continue to be an important Value Builder.
Owens & Minor has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Owens & Minor has a good Appreciation Score of 78 but a poor Power Rating of 20, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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