Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Pass Above Fifty Day Moving Average – Here’s Why

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Free Report)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.26 and traded as high as $1.3299. Omni-Lite Industries Canada shares last traded at $1.2770, with a volume of 1,100 shares traded.

Omni-Lite Industries Canada Price Performance

The company has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.04.

Omni-Lite Industries Canada (OTCMKTS:OLNCFGet Free Report) last released its quarterly earnings data on Wednesday, August 13th. The industrial products company reported ($0.01) EPS for the quarter. Omni-Lite Industries Canada had a negative return on equity of 0.82% and a negative net margin of 1.03%.The company had revenue of $3.46 million during the quarter.

About Omni-Lite Industries Canada

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Omni-Lite Industries Canada Inc operates as a designer and manufacturer of precision components in the United States and Canada. It offers forged, electronic, and investment casting components for aerospace, military, specialty, automotive, sports, and recreational industries. The company was incorporated in 1992 and is headquartered in Cerritos, California.

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