OFLX - Sell Alert: Edwin Moran Cashes Out $52K In Omega Flex Stock | Benzinga
Revealing a significant insider sell on February 29, Edwin Moran, President at Omega Flex (NASDAQ:OFLX), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Moran sold 750 shares of Omega Flex. The total transaction value is $52,942.
As of Thursday morning, Omega Flex shares are down by 0.0%, currently priced at $70.59.
About Omega Flex
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.
Omega Flex: Financial Performance Dissected
Revenue Growth: Omega Flex's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -13.07%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind ...