OFLX Stock Recent News

Omega Flex is a leader in flexible metal hose manufacturing. This niche is correlated to the U.S. housing market, meaning the last two years have been rough.

Omega Flex's (OFLX) Q2 EPS holds steady at 45 cents despite a 4.7% sales decline. Effective cost management helped mitigate the impact of lower unit volumes and market challenges.

Revenues increased in Q3 2023 after four quarters of consecutive declines. Margins also improved, and the company is highly profitable. The balance sheet is very robust and the company is debt-free.

Omega Flex is a leader in flexible metal hoses and piping. As dry as that sounds, its profitability and dividends prove far more exciting.

Omega focuses on the production and distribution of flexible metal hoses that are mainly used for the transport of gases and other liquids that require high-security transport systems. Omega's revenue is well diversified. According to the annual report, the company currently estimates that it has around 10k active clients internationally.

Throughout much of the new normal, the concept of short-squeeze stocks took off like wildfire. Essentially, this tactic centers on taking a contrarian bet against bearish traders in Wall Street's version of playing chicken.