Insider Selling: Kevin R. Hoben Sells 2,000 Shares of Omega Flex Stock (OFLX)
Omega Flex (NASDAQ:OFLX) CEO Kevin R. Hoben sold 2,000 shares of the company’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $20.01, for a total value of $40,020.00. Following the transaction, the chief executive officer now directly owns 1,009,722 shares of the company’s stock, valued at approximately $20,204,537. The sale was disclosed in a filing with the SEC, which is available at this link.
Omega Flex (NASDAQ:OFLX) opened at 19.77 on Friday. Omega Flex has a 52 week low of $13.51 and a 52 week high of $24.99. The stock’s 50-day moving average is $19.70 and its 200-day moving average is $20.55. The company has a market cap of $199.5 million and a price-to-earnings ratio of 18.74.
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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