Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Cross Above 50-Day Moving Average of $0.82

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.82 and traded as high as $0.80. Omni-Lite Industries Canada shares last traded at $0.80, with a volume of 2,500 shares trading hands.

The stock’s 50-day moving average is $0.82 and its 200 day moving average is $0.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 3.45.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last posted its earnings results on Tuesday, August 13th. The industrial products company reported $0.01 EPS for the quarter. The company had revenue of $2.57 million during the quarter. Omni-Lite Industries Canada had a negative net margin of 44.87% and a negative return on equity of 25.93%.

About Omni-Lite Industries Canada (OTCMKTS:OLNCF)

Omni-Lite Industries Canada Inc develops, manufactures, and sells precision components to Fortune 500 companies in the United States, Canada, and Barbados. It offers vibration resistant stainless steel fastener components for the aerospace industry; transmission valves, as well as brake, transmission, and engine parts for the automotive industry; inventory control cups for inventory control systems that are used by the retail clothing industry; links and head caps for the military sector; and ceramic track spikes for the sports and recreation industry.

Further Reading: Systematic Risk

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