Is Omega Flex, Inc. (OFLX) Stock About to Get Hot Wednesday?

Omega Flex, Inc. (OFLX) stock is higher by 6.88% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Omega Flex, Inc. has a Bullish 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. 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 3.05% while the S&P 500 is down -0.32% as of 2:00 PM on Wednesday, Jun 7. OFLX has gained $3.30 from the previous closing price of $108.04 on volume of 15,031 shares. Over the past year the S&P 500 is higher by 3.60% while OFLX is down -2.20%. OFLX earned $2.37 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 47. To screen for more stocks like 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.