Declining Stock and Decent Financials: Is The Market Wrong About Omega Flex, Inc. (NASDAQ:OFLX)? [Yahoo! Finance]
Omega Flex, Inc. (OFLX)
US:NASDAQ Investor Relations:
omegaflexcorp.com
Company Research
Source: Yahoo! Finance
its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Omega Flex's ROE in this article. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. See our latest analysis for Omega Flex How To Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Omega Flex is: 29% = US$22m ÷ US$77m (Based on the trailing twelve months to September 2023). The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the co
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News
- Omega Flex First Quarter 2024 Earnings: EPS: US$0.42 (vs US$0.57 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Omega Flex, Inc. Announces First Quarter 2024 EarningsGlobeNewswire
- Omega Flex, Inc. Announces Election of a Director: Stephen M. SheaGlobeNewswire
- Omega Flex, Inc. Announces Departure of a Director: Derek W. GlanvillGlobeNewswire
- Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
OFLX
Sec Filings
- 5/3/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/26/24 - Form DEF
- OFLX's page on the SEC website