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Omega Flex (NASDAQ:OFLX) CEO Kevin R. Hoben unloaded 2,000 shares of the stock on the open market in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,015,738 shares in the company, valued at approximately $20,314,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Omega Flex (NASDAQ:OFLX) opened at 19.73 on Friday. Omega Flex has a 52-week low of $13.02 and a 52-week high of $24.99. The stock’s 50-day moving average is $20.27 and its 200-day moving average is $20.67. The company has a market cap of $199.1 million and a P/E ratio of 18.90.

Omega Flex, Inc is engaged in the in the manufacturing of corrugated flexible metal hose and braid products for the processing industries and other specialized applications.

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