Omni-Lite Industries Canada (OTCMKTS:OLNCF) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.21 and traded as high as $1.30. Omni-Lite Industries Canada shares last traded at $1.30, with a volume of 1,000 shares changing hands.

Omni-Lite Industries Canada Stock Performance

The stock has a 50-day moving average of $1.21 and a 200 day moving average of $0.98.

Omni-Lite Industries Canada (OTCMKTS:OLNCFGet Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The industrial products company reported ($0.01) earnings per share for the quarter. The firm had revenue of $3.46 million during the quarter. Omni-Lite Industries Canada had a negative net margin of 1.03% and a negative return on equity of 0.82%.

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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