Omni-Lite Industries Canada (OTCMKTS:OLNCF) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.85 and traded as low as $0.82. Omni-Lite Industries Canada shares last traded at $0.82, with a volume of 300 shares changing hands.

Omni-Lite Industries Canada Trading Down 5.6%

The firm has a market cap of $12.68 million, a PE ratio of 27.31 and a beta of 0.10. The business’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $0.85.

Omni-Lite Industries Canada (OTCMKTS:OLNCFGet Free Report) last posted its earnings results on Wednesday, May 21st. The industrial products company reported $0.01 EPS for the quarter. The business had revenue of $3.31 million for the quarter. Omni-Lite Industries Canada had a net margin of 2.07% and a return on equity of 1.79%.

About Omni-Lite Industries Canada

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Omni-Lite Industries Canada Inc operates as a designer and manufacturer of precision components in the United States and Canada. It offers forged, electronic, and investment casting components for aerospace, military, specialty, automotive, sports, and recreational industries. The company was incorporated in 1992 and is headquartered in Cerritos, California.

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