StockNews.com upgraded shares of Omega Flex (NASDAQ:OFLX – Free Report) from a hold rating to a buy rating in a research report released on Wednesday.
Omega Flex Stock Down 3.0 %
Omega Flex stock opened at $48.40 on Wednesday. The company has a fifty day moving average price of $54.40 and a two-hundred day moving average price of $64.29. Omega Flex has a 12 month low of $47.56 and a 12 month high of $90.01.
Omega Flex (NASDAQ:OFLX – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.42 EPS for the quarter. The firm had revenue of $25.22 million during the quarter. Omega Flex had a net margin of 18.18% and a return on equity of 24.41%.
Omega Flex Increases Dividend
Hedge Funds Weigh In On Omega Flex
A number of hedge funds have recently added to or reduced their stakes in OFLX. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Omega Flex during the first quarter valued at $30,000. SYSTM Wealth Solutions LLC acquired a new position in shares of Omega Flex during the first quarter valued at $124,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Omega Flex during the first quarter valued at $128,000. EntryPoint Capital LLC boosted its holdings in shares of Omega Flex by 577.5% during 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 period. Finally, Norden Group LLC acquired a new position in shares of Omega Flex during the first quarter valued at $249,000. Institutional investors and hedge funds own 36.06% of the company’s stock.
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.
See Also
- Five stocks we like better than Omega Flex
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Stock Sentiment Analysis: How it Works
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Why Are Stock Sectors Important to Successful Investing?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
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.