Omega Flex, Inc. (NASDAQ:OFLX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $97.01 and last traded at $97.01, with a volume of 638 shares trading hands. The stock had previously closed at $92.39.

Separately, BidaskClub raised shares of Omega Flex from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

The firm’s 50 day moving average is $80.57 and its two-hundred day moving average is $80.73. The stock has a market capitalization of $932.61 million, a PE ratio of 47.87 and a beta of 0.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.94 and a current ratio of 4.52.

Omega Flex (NASDAQ:OFLX) last announced its earnings results on Thursday, July 18th. The industrial products company reported $0.39 earnings per share for the quarter. Omega Flex had a net margin of 17.84% and a return on equity of 29.03%. The firm had revenue of $26.81 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 19th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC increased its stake in Omega Flex by 4.0% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 4,195 shares of the industrial products company’s stock worth $322,000 after buying an additional 160 shares during the period. Swiss National Bank increased its stake in Omega Flex by 3.6% during the 2nd quarter. Swiss National Bank now owns 5,700 shares of the industrial products company’s stock worth $438,000 after buying an additional 200 shares during the period. Advisor Group Inc. increased its stake in Omega Flex by 17.7% during the 2nd quarter. Advisor Group Inc. now owns 1,418 shares of the industrial products company’s stock worth $108,000 after buying an additional 213 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Omega Flex by 3.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,990 shares of the industrial products company’s stock worth $1,306,000 after buying an additional 525 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Omega Flex by 60,700.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 608 shares of the industrial products company’s stock worth $46,000 after buying an additional 607 shares during the period. 26.72% of the stock is currently owned by hedge funds and other institutional investors.

Omega Flex Company Profile (NASDAQ:OFLX)

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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