Omni-Lite Industries Canada (OTCMKTS:OLNCF) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.20 and traded as low as $1.16. Omni-Lite Industries Canada shares last traded at $1.16, with a volume of 100 shares.

Omni-Lite Industries Canada Stock Down 5.7%

The company has a market cap of $17.96 million, a P/E ratio of 116.12 and a beta of 0.17. The business has a fifty day simple moving average of $1.12 and a two-hundred day simple moving average of $1.20.

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.