Omega Flex, Inc. (NASDAQ:OFLX - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $46.28 and traded as low as $37.88. Omega Flex shares last traded at $38.62, with a volume of 13,829 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Omega Flex from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.
Check Out Our Latest Stock Analysis on Omega Flex
Omega Flex Stock Performance
The stock has a 50-day simple moving average of $40.53 and a two-hundred day simple moving average of $46.09. The firm has a market cap of $365.76 million, a PE ratio of 20.03 and a beta of 0.38.
Omega Flex Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Thursday, December 19th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Thursday, December 19th. Omega Flex's payout ratio is currently 75.14%.
Institutional Investors Weigh In On Omega Flex
Several hedge funds and other institutional investors have recently made changes to their positions in OFLX. State of Wyoming bought a new position in shares of Omega Flex during the 4th quarter valued at approximately $135,000. Los Angeles Capital Management LLC grew its stake in shares of Omega Flex by 5.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 5,560 shares of the industrial products company's stock valued at $278,000 after acquiring an additional 270 shares during the period. Norden Group LLC bought a new position in shares of Omega Flex during the 4th quarter valued at approximately $243,000. PDT Partners LLC bought a new position in shares of Omega Flex during the 3rd quarter valued at approximately $316,000. Finally, US Bancorp DE grew its stake in shares of Omega Flex by 38.5% during the 3rd quarter. US Bancorp DE now owns 6,439 shares of the industrial products company's stock valued at $321,000 after acquiring an additional 1,789 shares during the period. Hedge funds and other institutional investors own 36.06% of the company's stock.
Omega Flex Company Profile
(
Get Free Report)
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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