Is Omega Flex Inc (OFLX) a Stock to Watch After Losing -3.18% This Week?

The market has been down on Omega Flex Inc (OFLX) stock recently. OFLX gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Omega Flex Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on OFLX!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With OFLX Stock Today?

Omega Flex Inc (OFLX) stock has risen 0.29% while the S&P 500 has fallen -0.46% as of 2:30 PM on Tuesday, Jun 20. OFLX is up $0.31 from the previous closing price of $107.00 on volume of 12,580 shares. Over the past year the S&P 500 has risen 16.59% while OFLX has fallen -7.24%. OFLX earned $2.37 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 45.3. To see InvestorsObserver's Sentiment Score for Omega Flex Inc click here.

More About Omega Flex Inc

Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States. Click Here to get the full Stock Report for Omega Flex Inc stock.