Omega Protein (OME) Marked As A Dead Cat Bounce Stock - TheStreet

Trade-Ideas LLC identified

Omega Protein

(

OME

) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Omega Protein as such a stock due to the following factors:

  • OME has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $15.3 million.
  • OME has traded 118,086 shares today.
  • OME is up 3.3% today.
  • OME was down 5.8% yesterday.

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More details on OME:

Omega Protein Corporation develops, produces, and delivers healthy products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide. It operates in two segments, Animal Nutrition and Human Nutrition. OME has a PE ratio of 23. Currently there is 1 analyst that rates Omega Protein a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Omega Protein has been 295,600 shares per day over the past 30 days. Omega Protein has a market cap of $556.8 million and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.57 and a short float of 3.2% with 1.01 days to cover. Shares are up 123.2% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Omega Protein as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, attractive valuation levels, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • OME's very impressive revenue growth greatly exceeded the industry average of 6.5%. Since the same quarter one year prior, revenues leaped by 58.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Powered by its strong earnings growth of 1466.66% and other important driving factors, this stock has surged by 109.02% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, OME should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food Products industry. The net income increased by 1504.6% when compared to the same quarter one year prior, rising from $0.66 million to $10.57 million.
  • Net operating cash flow has significantly increased by 371.58% to $36.80 million when compared to the same quarter last year. In addition, OMEGA PROTEIN CORP has also vastly surpassed the industry average cash flow growth rate of -20.72%.

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