OFG Triggers Bearish KDJ Death Cross, Marubozu Formation on 15min Chart
ByAinvest
Friday, Sep 12, 2025 3:35 pm ET1min read
FONR--
The company's diagnostic imaging subsidiary, Health Management Company of America (HMCA), achieved a record scan volume of 216,317 scans, up by 3.3% from the previous year. HMCA expanded its operations by adding two MRI scanners, bringing the total to 44 managed scanners across New York and Florida [1].
Fonar's cash and equivalents stood at $56.3 million, representing a 4% increase in working capital to $127.5 million [1]. The company's stock repurchase plan, which had acquired 373,942 shares for $6.07 million, was temporarily suspended due to a potential "Take Private" transaction [1].
Additionally, Fonar has received a supplemental "take private" proposal from a group led by Timothy Damadian, aiming to acquire all outstanding shares at $17.25 per share in cash . This offer represents a 27% premium over the 90-day average closing price ending June 30, 2025. The company emphasized that this is a preliminary proposal, and no decisions have been made yet.
OFG--
Based on the 15-minute chart for OFG, the KDJ Death Cross and Bearish Marubozu indicators were triggered on September 12, 2025 at 15:30. This suggests that the momentum of the stock price is shifting towards the downside and has the potential to further decrease. Sellers are in control of the market, and it is likely that bearish momentum will continue.
Fonar Corporation (NASDAQ: FONR), a leading innovator in MRI technology, reported mixed financial results for its fiscal 2025. The company's total revenues increased by 1% to $104.4 million, while net income decreased by 24% to $10.7 million [1]. Despite the revenue growth, the net income decline was driven by a 20% decrease in diluted earnings per share (EPS) to $1.23.The company's diagnostic imaging subsidiary, Health Management Company of America (HMCA), achieved a record scan volume of 216,317 scans, up by 3.3% from the previous year. HMCA expanded its operations by adding two MRI scanners, bringing the total to 44 managed scanners across New York and Florida [1].
Fonar's cash and equivalents stood at $56.3 million, representing a 4% increase in working capital to $127.5 million [1]. The company's stock repurchase plan, which had acquired 373,942 shares for $6.07 million, was temporarily suspended due to a potential "Take Private" transaction [1].
Additionally, Fonar has received a supplemental "take private" proposal from a group led by Timothy Damadian, aiming to acquire all outstanding shares at $17.25 per share in cash . This offer represents a 27% premium over the 90-day average closing price ending June 30, 2025. The company emphasized that this is a preliminary proposal, and no decisions have been made yet.
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