Owens & Minor Price Drops 1.63% Despite Moving Averages Technical Analysis
July 8, 2023
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Owens & Minor ($NYSE:OMI) Inc. (OMI) experienced a drop in its stock price as it closed at $18.73 in the last trading session, which is a decrease of 1.63% from the previous day’s closing price of $19.04. The company distributes medical and surgical supplies to acute care, alternate sites, physician practices, surgery centers, long-term care facilities, and homecare providers in the United States. It also offers supply chain services to healthcare providers, manufacturers, and distributors of healthcare products.
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of OWENS & MINOR. Employing our star chart, we have identified that OWENS & MINOR is strong in liquidity, medium in profitability and weak in asset, dividend, growth. We have classified this company as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given the fundamentals of OWENS & MINOR, we believe that there are a few types of investors who may be interested in investing in such a company. Firstly, investors who are looking for steady and reliable dividend payments will find OWENS & MINOR attractive due to its high liquidity score. Secondly, investors who are looking for an opportunity to generate a moderate but steady return on their investment may find that OWENS & MINOR is a good option due to its relatively high profitability score. Lastly, investors who are looking for companies with strong balance sheets may find that OWENS & MINOR provides an attractive option, with its high health score of 7/10 with regard to its cashflows and debt, indicating that the company is capable to safely ride out any crisis without the risk of bankruptcy. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for OMI. More…
| Total Revenues | Net Income | Net Margin |
| 10.07k | -41.31 | -0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for OMI. More…
| Operations | Investing | Financing |
| 403.7 | -251.42 | -294.58 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for OMI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.31k | 4.39k | 12.13 |
Key Ratios Snapshot
Some of the financial key ratios for OMI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | 12.6% | 0.9% |
| FCF Margin | ROE | ROA |
| 2.0% | 5.9% | 1.0% |
Peers
Owens & Minor Inc is in the business of distributing medical supplies and providing related services to healthcare providers. The company operates in North America and Europe. Its competitors include Orthofix Medical Inc, Medirect Latino Inc, PT Millennium Pharmacon International Tbk.
– Orthofix Medical Inc ($NASDAQ:OFIX)
Orthofix Medical Inc is a medical device company that provides orthopedic solutions to patients worldwide. The company has a market cap of 297.51M as of 2022 and a Return on Equity of -4.8%. The company’s products are used in the treatment of various conditions, including osteoarthritis, degenerative disc disease, scoliosis, and deformities. The company’s products are sold through a network of distributors and retailers.
– Medirect Latino Inc ($OTCPK:MLTO)
PT Millennium Pharmacon International Tbk is a leading pharmaceutical company in Indonesia with a market cap of 156.7B as of 2022. The company has a strong focus on research and development, and has a strong portfolio of products. The company has a Return on Equity of 17.77%.
Summary
Owens & Minor Inc. is a healthcare services company with a focus on the medical-surgical supply chain. Investing in Owens & Minor Inc. requires analysis of technical indicators such as moving averages. The stock price recently moved down by 1.63%, closing at $18.73. Analyzing moving averages of stock prices can be useful in gauging a stock’s long-term trend direction.
Additionally, it is important to consider factors such as the company’s balance sheet, revenue growth, and cash flows to assess its overall health and its potential for future returns. Additionally, investors should evaluate the company’s management team, competitive landscape, and other key factors that may influence the stock’s performance. Having a thorough understanding of the company and its industry can help investors make informed decisions when investing in Owens & Minor Inc.
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