Omega Flex (OFLX) Downgraded to “Buy” at BidaskClub
BidaskClub downgraded shares of Omega Flex (NASDAQ:OFLX) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.
OFLX stock traded down $3.22 during midday trading on Friday, reaching $73.04. The company’s stock had a trading volume of 19,135 shares, compared to its average volume of 17,910. Omega Flex has a 1 year low of $51.02 and a 1 year high of $95.00. The firm has a market cap of $736.97 million, a price-to-earnings ratio of 38.32 and a beta of 1.08.
Omega Flex (NASDAQ:OFLX) last released its earnings results on Thursday, February 7th. The industrial products company reported $0.60 earnings per share for the quarter. Omega Flex had a return on equity of 32.25% and a net margin of 18.59%. The business had revenue of $28.87 million for the quarter.
About Omega Flex
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.
Further Reading: Percentage Gainers
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