Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Pass Below 200 Day Moving Average – Should You Sell?

Shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.10 and traded as low as $0.9742. Omni-Lite Industries Canada shares last traded at $1.06, with a volume of 23,000 shares changing hands.

Omni-Lite Industries Canada Stock Performance

The stock has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $1.10. The stock has a market cap of $16.41 million, a price-to-earnings ratio of 53.03 and a beta of 0.43.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.02 earnings per share for the quarter. The firm had revenue of $4.12 million for the quarter. Omni-Lite Industries Canada had a return on equity of 0.77% and a net margin of 0.80%.

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.