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%.

COPYRIGHT VIOLATION WARNING: “Omega Flex, Inc. (OFLX) Announces Earnings Results” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/21/omega-flex-inc-oflx-announces-earnings-results.html.

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.

Earnings History for Omega Flex (NASDAQ:OFLX)

Receive News & Ratings for Omega Flex Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Flex Inc. and related companies with MarketBeat.com's FREE daily email newsletter.