Omnitek Engineering Corp. (OMTK) Posts Quarterly Earnings Results
Omnitek Engineering Corp. (OTCMKTS:OMTK) released its earnings results on Friday. The industrial products company reported ($0.01) EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $0.25 million for the quarter. Omnitek Engineering Corp. had a negative net margin of 72.54% and a negative return on equity of 65.64%.
Omnitek Engineering Corp. (OTCMKTS:OMTK) traded up 14.12222% during trading on Friday, hitting $0.10271. The stock had a trading volume of 19,996 shares. Omnitek Engineering Corp. has a 52 week low of $0.05 and a 52 week high of $0.37. The company’s 50-day moving average is $0.12 and its 200 day moving average is $0.15. The firm’s market cap is $2.08 million.
About Omnitek Engineering Corp.
Omnitek Engineering Corp. (Omnitek) develops and sells diesel-to-natural gas engine conversion systems and complementary products, including new natural gas engines that utilize the Company’s technology. Omnitek products are available for stationary applications (generator sets), the global transportation industry, which includes light commercial vehicles, minibuses, heavy-duty trucks, municipal buses, as well as rail and marine applications.
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