Omega Flex (NASDAQ:OFLX) issued its earnings results on Thursday. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Omega Flex had a net margin of 16.07% and a return on equity of 25.66%. The business had revenue of $29.73 million for the quarter.
OFLX stock traded down $5.60 during midday trading on Friday, reaching $85.50. 17,310 shares of the company’s stock traded hands, compared to its average volume of 9,077. The company has a 50-day moving average price of $106.94 and a two-hundred day moving average price of $95.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.37 and a current ratio of 3.90. Omega Flex has a 52 week low of $63.64 and a 52 week high of $119.89. The firm has a market capitalization of $954.89 million, a PE ratio of 48.86 and a beta of 0.74.
Separately, BidaskClub cut shares of Omega Flex from a “sell” rating to a “strong sell” rating in a report on Thursday.
Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.
Read More: Why do analysts give a neutral rating?
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