Omni-Lite Industries Canada (OTCMKTS:OLNCF) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.67 and traded as high as $2.00. Omni-Lite Industries Canada shares last traded at $2.00, with a volume of 415 shares changing hands.

Omni-Lite Industries Canada Stock Performance

The stock has a 50 day moving average of $1.69 and a two-hundred day moving average of $1.32. The firm has a market capitalization of $30.96 million, a P/E ratio of 25.00 and a beta of 0.51.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last announced its earnings results on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. Omni-Lite Industries Canada had a return on equity of 7.48% and a net margin of 6.33%.The firm had revenue of $4.80 million during the quarter.

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.