Shares of Omega Flex, Inc. (NASDAQ:OFLX – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 46,378 shares were traded during trading, an increase of 178% from the previous session’s volume of 16,710 shares.The stock last traded at $50.50 and had previously closed at $51.41.
Omega Flex Stock Up 2.4 %
The company’s fifty day moving average price is $62.33 and its 200 day moving average price is $68.78. The company has a market capitalization of $520.44 million, a P/E ratio of 26.51 and a beta of 0.36.
Omega Flex (NASDAQ:OFLX – Get Free Report) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.42 EPS for the quarter. Omega Flex had a net margin of 18.03% and a return on equity of 24.76%. The company had revenue of $25.22 million for the quarter.
Omega Flex Increases Dividend
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. bought a new position in Omega Flex in the first quarter valued at approximately $30,000. FNY Investment Advisers LLC bought a new position in Omega Flex in the fourth quarter valued at approximately $37,000. SYSTM Wealth Solutions LLC bought a new position in Omega Flex in the first quarter valued at approximately $124,000. State Board of Administration of Florida Retirement System bought a new position in Omega Flex in the first quarter valued at approximately $128,000. Finally, EntryPoint Capital LLC increased its stake in Omega Flex by 577.5% in the first quarter. EntryPoint Capital LLC now owns 1,836 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 1,565 shares during the last quarter. 36.06% of the stock is owned by institutional investors.
Omega Flex Company Profile
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.
Further Reading
- Five stocks we like better than Omega Flex
- How to buy stock: A step-by-step guide for beginners
- Nike Stock Falls to Bargain Basement After Analysts Slash Targets
- How to Calculate Return on Investment (ROI)
- Tesla Stock’s Comeback Rally Has Officially Started
- Stock Market Sectors: What Are They and How Many Are There?
- Albemarle Stock: Strong Fundamentals vs. Lithium Volatility
Receive News & Ratings for Omega Flex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omega Flex and related companies with MarketBeat.com's FREE daily email newsletter.