Press coverage about Omega Flex (NASDAQ:OFLX) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Omega Flex earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.4895799483144 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Separately, BidaskClub raised shares of Omega Flex from a “sell” rating to a “hold” rating in a research report on Saturday, December 16th.
Shares of Omega Flex (NASDAQ:OFLX) opened at $68.55 on Friday. Omega Flex has a 1 year low of $41.87 and a 1 year high of $76.63. The firm has a market cap of $691.81, a PE ratio of 45.10 and a beta of 1.30.
Omega Flex (NASDAQ:OFLX) last announced its quarterly earnings data on Thursday, October 19th. The industrial products company reported $0.40 earnings per share for the quarter. Omega Flex had a net margin of 15.32% and a return on equity of 30.39%. The business had revenue of $24.92 million during the quarter.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 26th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Friday, December 22nd. Omega Flex’s dividend payout ratio (DPR) is 57.90%.
Omega Flex Company Profile
Omega Flex, Inc is a manufacturer of flexible metal hose. The Company is engaged in a range of different markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical and other industries. It operates through manufacture and sale of flexible metal hose and accessories segment.
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