Omega Flex (NASDAQ:OFLX – Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.23 EPS for the quarter, Zacks reports. The firm had revenue of $25.70 million for the quarter. Omega Flex had a net margin of 10.73% and a return on equity of 12.71%.
Omega Flex Stock Performance
Shares of NASDAQ OFLX traded up $0.12 during midday trading on Friday, reaching $26.56. The stock had a trading volume of 10,880 shares, compared to its average volume of 42,056. The firm has a market cap of $267.99 million, a price-to-earnings ratio of 25.30 and a beta of 0.44. The company’s 50 day moving average price is $25.97 and its 200 day moving average price is $30.17. Omega Flex has a twelve month low of $23.99 and a twelve month high of $37.92.
Omega Flex Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were issued a $0.34 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.36 annualized dividend and a yield of 5.1%. Omega Flex’s dividend payout ratio is presently 114.29%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Omega Flex in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.
View Our Latest Stock Report on Omega Flex
About Omega Flex
Omega Flex, Inc manufactures and markets flexible metal hose and piping systems used to transport fuel gases and other gases. Its products are designed for residential, commercial, industrial, and specialized applications, providing an alternative to traditional rigid piping systems.
The company’s product portfolio includes corrugated stainless steel tubing systems such as TracPipe and CounterStrike for natural gas and propane distribution. Omega Flex also offers products for applications including outdoor gas piping, medical gas systems, and other specialized fluid or gas-handling needs.
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