BidaskClub Lowers Omega Flex (OFLX) to Sell
Omega Flex (NASDAQ:OFLX) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.
Shares of Omega Flex (NASDAQ OFLX) traded up $1.14 during mid-day trading on Thursday, hitting $62.17. The company had a trading volume of 9,930 shares, compared to its average volume of 13,034. Omega Flex has a 52-week low of $41.87 and a 52-week high of $74.55. The company has a market cap of $631.85, a price-to-earnings ratio of 41.19 and a beta of 1.31.
Omega Flex (NASDAQ:OFLX) last issued its quarterly earnings results on Thursday, October 19th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. Omega Flex had a return on equity of 30.39% and a net margin of 15.32%. The firm had revenue of $24.92 million during the quarter.
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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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