Omega Flex (NASDAQ:OFLX - Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.46 earnings per share for the quarter, Zacks reports. Omega Flex had a net margin of 17.71% and a return on equity of 22.68%. The business had revenue of $26.97 million during the quarter.
Omega Flex Stock Up 4.3 %
OFLX traded up $1.60 during trading on Friday, reaching $38.68. 15,645 shares of the company's stock were exchanged, compared to its average volume of 19,844. The company has a market capitalization of $390.44 million, a P/E ratio of 21.37 and a beta of 0.26. The business has a 50 day moving average price of $39.07 and a 200 day moving average price of $45.32. Omega Flex has a fifty-two week low of $34.39 and a fifty-two week high of $75.14.
Analyst Ratings Changes
Separately, StockNews.com cut Omega Flex from a "buy" rating to a "hold" rating in a report on Friday.
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About Omega Flex
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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.
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