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

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.27 and traded as high as $1.55. Omni-Lite Industries Canada shares last traded at $1.55, with a volume of 5,100 shares trading hands.

Omni-Lite Industries Canada Stock Performance

The business has a 50 day moving average of $1.29 and a two-hundred day moving average of $1.13. The firm has a market capitalization of $23.07 million, a price-to-earnings ratio of 37.26 and a beta of 0.46.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last announced its quarterly earnings data on Wednesday, May 27th. The industrial products company reported $0.03 EPS for the quarter. The firm had revenue of $4.38 million during the quarter. Omni-Lite Industries Canada had a return on equity of 2.77% and a net margin of 2.59%.

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.