Omega Flex (NASDAQ:OFLX – Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.46 EPS for the quarter, Zacks reports. Omega Flex had a net margin of 17.71% and a return on equity of 22.68%. The company had revenue of $26.97 million for the quarter.
Omega Flex Stock Performance
Shares of OFLX stock opened at $37.08 on Friday. The stock has a market cap of $374.29 million, a PE ratio of 20.49 and a beta of 0.38. Omega Flex has a 1 year low of $34.39 and a 1 year high of $75.14. The stock has a fifty day moving average price of $39.13 and a 200 day moving average price of $45.39.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Omega Flex from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.
About Omega Flex
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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