Omega Flex (NASDAQ:OFLX) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
Shares of Omega Flex (NASDAQ OFLX) traded up $1.30 during trading on Friday, reaching $64.63. 21,233 shares of the company’s stock traded hands, compared to its average volume of 11,301. The company has a market capitalization of $652.25, a PE ratio of 42.52 and a beta of 1.30. Omega Flex has a 1 year low of $41.87 and a 1 year high of $76.63.
Omega Flex (NASDAQ:OFLX) last issued its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.40 earnings per share for the quarter. The firm had revenue of $24.92 million for the quarter. Omega Flex had a net margin of 15.32% and a return on equity of 30.39%.
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About Omega Flex
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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