Omega Flex, Inc. (OFLX) Announces Earnings Results
Omega Flex, Inc. (NASDAQ:OFLX) announced its quarterly earnings results on Thursday. The industrial products company reported $0.30 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $23.81 million for the quarter. Omega Flex had a net margin of 16.03% and a return on equity of 32.69%.
Shares of Omega Flex (NASDAQ:OFLX) traded down 17.3414% on Friday, reaching $56.6625. 22,894 shares of the company’s stock were exchanged. Omega Flex has a 12 month low of $34.00 and a 12 month high of $70.80. The company has a market capitalization of $571.78 million, a P/E ratio of 36.0219 and a beta of 1.20. The firm’s 50 day moving average price is $64.90 and its 200-day moving average price is $53.98.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Tuesday, June 20th were given a dividend of $0.22 per share. The ex-dividend date was Friday, June 16th. This represents a $0.88 dividend on an annualized basis and a yield of 1.28%. Omega Flex’s dividend payout ratio (DPR) is 55.70%.
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Omega Flex Company Profile
Omega Flex, Inc is a manufacturer of flexible metal hose. The Company is engaged in a range of different markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical and other industries. It operates through manufacture and sale of flexible metal hose and accessories segment.
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