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NASDAQ:OFLX

Omega Flex (OFLX) Stock Price, News & Analysis

Omega Flex logo
$50.65
-0.47 (-0.92%)
(As of 11/1/2024 ET)

About Omega Flex Stock (NASDAQ:OFLX)

Key Stats

Today's Range
$50.34
$51.75
50-Day Range
$44.64
$52.14
52-Week Range
$43.86
$85.92
Volume
24,609 shs
Average Volume
20,965 shs
Market Capitalization
N/A
P/E Ratio
27.98
Dividend Yield
2.69%
Price Target
N/A
Consensus Rating
N/A

Company Overview

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, fabricating distributors, wholesalers, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.

Omega Flex Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
25th Percentile Overall Score

OFLX MarketRank™: 

Omega Flex scored higher than 25% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Omega Flex is 27.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.25.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Omega Flex is 27.98, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.99.

  • Price to Book Value per Share Ratio

    Omega Flex has a P/B Ratio of 6.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Omega Flex's valuation and earnings.
  • Percentage of Shares Shorted

    1.80% of the float of Omega Flex has been sold short.
  • Short Interest Ratio / Days to Cover

    Omega Flex has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Omega Flex has recently increased by 1.44%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Omega Flex pays a meaningful dividend of 2.70%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Omega Flex has been increasing its dividend for 7 years.

  • Dividend Coverage

    The dividend payout ratio of Omega Flex is 75.14%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about Omega Flex's dividend.
  • Percentage of Shares Shorted

    1.80% of the float of Omega Flex has been sold short.
  • Short Interest Ratio / Days to Cover

    Omega Flex has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Omega Flex has recently increased by 1.44%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Omega Flex has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Omega Flex this week, compared to 1 article on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Omega Flex insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    65.20% of the stock of Omega Flex is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 36.06% of the stock of Omega Flex is held by institutions.

  • Read more about Omega Flex's insider trading history.
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OFLX Stock News Headlines

Omega Flex, Inc. Announces Third Quarter 2024 Earnings
Nvidia warning urgent
I thought what happened 25 years ago was a once- in-a-lifetime event… but how wrong I was. Because here we are, a quarter of a century later, almost to the exact day, and it’s happening again.
See More Headlines

OFLX Stock Analysis - Frequently Asked Questions

Omega Flex's stock was trading at $70.51 at the beginning of 2024. Since then, OFLX shares have decreased by 28.2% and is now trading at $50.65.
View the best growth stocks for 2024 here
.

Omega Flex, Inc. (NASDAQ:OFLX) announced its quarterly earnings results on Thursday, April, 16th. The industrial products company reported $0.43 earnings per share for the quarter. The industrial products company had revenue of $25.27 million for the quarter. Omega Flex had a net margin of 17.71% and a trailing twelve-month return on equity of 22.84%.

Top institutional shareholders of Omega Flex include Inspire Investing LLC (0.17%), Creative Planning (0.11%), Azzad Asset Management Inc. ADV and Bennett Selby Investments LP (0.07%). Insiders that own company stock include Mark F Albino and Stewart B Reed.
View institutional ownership trends
.

Shares of OFLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Omega Flex investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX) and Home Depot (HD).

Company Calendar

Last Earnings
4/16/2020
Ex-Dividend for 10/8 Dividend
9/26/2024
Dividend Payable
10/08/2024
Today
11/02/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/05/2025

Industry, Sector and Symbol

Industry
Heating equipment, except electric & warm air; & plumbing fixtures
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:OFLX
CUSIP
68209510
Employees
170
Year Founded
N/A

Profitability

Net Income
$20.76 million
Pretax Margin
24.10%

Debt

Sales & Book Value

Annual Sales
$111.46 million
Cash Flow
$2.18 per share
Book Value
$7.81 per share

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
0.39

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This page (NASDAQ:OFLX) was last updated on 11/2/2024 by MarketBeat.com Staff
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