This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Omega Flex Inc. (OFLX): Today's Featured Industrial Goods Loser

The industrial goods sector closed the day up 2.4%. Bonso Electronics International Inc ( BNSO), Nobility Homes Inc ( NOBH), Continental Materials Corporation ( CUO), and UQM Technologies Inc ( UQM) were all decliners today within the industrial goods sector with Omega Flex Inc ( OFLX) being today's featured industrial goods loser. Omega Flex Inc fell 29 cents (-2.1%) to $13.41 on light volume. Throughout the day, 1,400 shares of Omega Flex Inc exchanged hands as compared to its average daily volume of 9,200 shares.

Omega Flex, Inc. engages in the manufacture and sale of flexible metal hoses principally in North America and Europe. Its product lines include corrugated metal hoses in a range of sizes and alloys, including three grades of stainless steel, bronze, Inconel, and Hastelloy. Omega Flex Inc has a market cap of $137.6 million and is part of the industrial industry. The company has a P/E ratio of 28.4, below the average industrial industry P/E ratio of 29 and above the S&P 500 P/E ratio of 17.7. Shares are down 17.2% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Omega Flex as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, premium valuation and weak operating cash flow.

On the positive front, Real Goods Solar Inc ( RSOL), PGT Inc ( PGTI), Presstek Inc ( PRST), and Clean Diesel Technologies Inc ( CDTI) were all gainers within the industrial goods sector with Emerson Electric ( EMR) being today's featured industrial goods sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider Industrial Select Sector SPDR ( XLI) while those bearish on the industrial goods sector could consider ProShares Short Dow 30 ( DOG).

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
Submit an article to us!

Markets

DOW 18,043.24 -10.47 -0.06%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs