Omni-Lite Industries Canada (OTCMKTS:OLNCF) Announces Earnings Results

Omni-Lite Industries Canada (OTCMKTS:OLNCF) released its earnings results on Wednesday. The industrial products company reported $0.03 EPS for the quarter, Zacks reports. 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 during the quarter.

Omni-Lite Industries Canada Trading Up 4.2%

Shares of OLNCF opened at $1.24 on Friday. Omni-Lite Industries Canada has a 1 year low of $0.82 and a 1 year high of $1.36. The stock has a market cap of $19.20 million, a P/E ratio of 31.01 and a beta of 0.43. The stock’s 50-day moving average price is $1.01 and its two-hundred day moving average price is $1.09.

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.