OMNI-LITE INDS CAN COM NPV (OTCMKTS:OLNCF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $1.50 target price on the stock. Zacks Investment Research’s price target suggests a potential upside of 8.70% from the company’s previous close.

According to Zacks, “Omni-Lite Industries Canada Inc. develops, produces, and markets specialized metal matrix composite, aluminum, carbon, and stainless steel alloy products. The Company’s operating segment consists of Military, Aerospace, Specialty Automotive and Sports and Recreation. It serves primarily in the United States, Canada, and Barbados. Omni-Lite Industries Canada Inc. is headquartered in Cerritos, California. “

OMNI-LITE INDS CAN COM NPV (OTCMKTS:OLNCF) opened at 1.38 on Tuesday. OMNI-LITE INDS CAN COM NPV has a one year low of $1.01 and a one year high of $1.60. The company has a market cap of $15.09 million and a P/E ratio of 28.16. The company has a 50-day moving average of $1.42 and a 200 day moving average of $1.22.

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