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

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.27 and traded as high as $1.55. Omni-Lite Industries Canada shares last traded at $1.55, with a volume of 5,100 shares trading hands.

Omni-Lite Industries Canada Trading Down 1.3%

The stock has a market cap of $23.99 million, a PE ratio of 38.76 and a beta of 0.46. The firm has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.13.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last issued its quarterly earnings data on Wednesday, May 27th. The industrial products company reported $0.03 EPS for the quarter. The company had revenue of $4.38 million during the quarter. Omni-Lite Industries Canada had a return on equity of 2.77% and a net margin of 2.59%.

Omni-Lite Industries Canada Company Profile

Omni-Lite Industries Canada, trading under the symbol OLNCF on the OTC Markets, is a designer and manufacturer of advanced polymer composite and carbon-fiber components for military, industrial and specialty vehicle applications. The company’s proprietary Fiber-Weld™ polymer composite wheel assemblies offer substantial weight savings, superior fatigue life and corrosion resistance compared with conventional steel wheels. In addition to its core wheel products, Omni-Lite produces carbon-fiber drive shafts, structural cross-members and custom injection-molded components engineered for demanding environments.

Founded in 1988 and headquartered in Mississauga, Ontario, Omni-Lite maintains production facilities in both Canada and the United States.