Omni-Lite Industries Canada (OTCMKTS:OLNCF) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1.14 and traded as high as $1.40. Omni-Lite Industries Canada shares last traded at $1.3760, with a volume of 22,902 shares changing hands.

Omni-Lite Industries Canada Trading Down 3.4%

The firm has a market capitalization of $21.30 million, a price-to-earnings ratio of 34.41 and a beta of 0.49. The stock’s 50-day moving average is $1.14 and its 200-day moving average is $1.10.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last issued its earnings results on Wednesday, May 27th. The industrial products company reported $0.03 earnings per share for the quarter. Omni-Lite Industries Canada had a net margin of 2.59% and a return on equity of 2.72%. The firm had revenue of $4.38 million for the quarter.

About Omni-Lite Industries Canada

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.