Omega Flex Inc (NASDAQ: OFLX) stock suffered a major decline of -10.2% on 12/29/23. The shares closed at $70.51. Moreover, trading volume in this decline was exceptionally high at 247% of normal. The stock has declined -11.9% 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 be above the cost of capital, OFLX is expected to continue to be a major 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 19 and a very low Appreciation Score of 11, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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