Orthofix Medical Inc (NASDAQ: OFIX) stock suffered a major decline of -10.4% on 11/9/23. The shares closed at $10.63. The stock has been weak relative to the market over the last nine months and has declined -3.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, OFIX is expected to continue to be Value Creation neutral.
Orthofix Medical has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Orthofix Medical has a neutral Appreciation Score of 43 and a slightly negative Power Rating of 37, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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