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 $0.02 earnings per share (EPS) for the quarter, Zacks reports. Omni-Lite Industries Canada had a negative return on equity of 0.25% and a negative net margin of 0.27%.The business had revenue of $4.12 million during the quarter.

Omni-Lite Industries Canada Price Performance

OTCMKTS:OLNCF opened at $1.05 on Thursday. The business has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $1.12. Omni-Lite Industries Canada has a 1 year low of $0.78 and a 1 year high of $1.36. The company has a market capitalization of $16.25 million, a P/E ratio of 105.11 and a beta of 0.28.

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.