Omega Flex (OFLX) Lifted to “Sell” at BidaskClub
Omega Flex (NASDAQ:OFLX) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday.
Omega Flex (NASDAQ:OFLX) opened at $62.33 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.04 and a current ratio of 3.51. The stock has a market cap of $629.03, a P/E ratio of 40.21 and a beta of 1.08. Omega Flex has a one year low of $41.87 and a one year high of $76.63.
Several institutional investors and hedge funds have recently made changes to their positions in OFLX. Wells Fargo & Company MN lifted its stake in shares of Omega Flex by 22.1% during the second quarter. Wells Fargo & Company MN now owns 2,207 shares of the industrial products company’s stock valued at $142,000 after buying an additional 399 shares during the period. The Manufacturers Life Insurance Company raised its stake in Omega Flex by 88.6% during the second quarter. The Manufacturers Life Insurance Company now owns 2,744 shares of the industrial products company’s stock worth $177,000 after purchasing an additional 1,289 shares during the period. GSA Capital Partners LLP purchased a new position in Omega Flex during the third quarter worth approximately $201,000. Millennium Management LLC purchased a new position in Omega Flex during the fourth quarter worth approximately $207,000. Finally, Citadel Advisors LLC purchased a new position in Omega Flex during the third quarter worth approximately $211,000. 31.89% of the stock is currently owned by institutional investors and hedge funds.
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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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