Omega Flex (NASDAQ:OFLX) Posts Quarterly Earnings Results

Omega Flex (NASDAQ:OFLX) released its quarterly earnings data on Thursday. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. The company had revenue of $29.73 million during the quarter. Omega Flex had a return on equity of 24.64% and a net margin of 15.52%.

OFLX stock opened at $85.50 on Friday. The company has a fifty day moving average price of $106.40 and a 200-day moving average price of $95.92. The company has a market capitalization of $919.59 million, a P/E ratio of 53.59 and a beta of 0.74. Omega Flex has a 52-week low of $63.64 and a 52-week high of $119.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.37 and a current ratio of 3.90.

Separately, BidaskClub downgraded shares of Omega Flex from a “sell” rating to a “strong sell” rating in a research report on Thursday.

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.

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Earnings History for Omega Flex (NASDAQ:OFLX)

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