Omega Flex (NASDAQ:OFLX – Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $0.23 earnings per share for the quarter, Zacks reports. Omega Flex had a net margin of 12.27% and a return on equity of 14.26%.
Omega Flex Price Performance
NASDAQ OFLX traded up $0.76 during trading on Wednesday, reaching $24.96. The company’s stock had a trading volume of 52,965 shares, compared to its average volume of 42,228. The firm has a fifty day moving average of $26.06 and a 200 day moving average of $30.23. Omega Flex has a one year low of $23.99 and a one year high of $37.92. The stock has a market capitalization of $251.95 million, a PE ratio of 20.97 and a beta of 0.44.
Omega Flex Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Wednesday, September 30th. Omega Flex’s dividend payout ratio is currently 114.29%.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Omega Flex in a report on Tuesday. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.
Check Out Our Latest Research Report on Omega Flex
Omega Flex Company Profile
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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