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

Omni-Lite Industries Canada (OTCMKTS:OLNCF) announced 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 6.33% and a return on equity of 7.48%. The business had revenue of $4.80 million during the quarter.

Omni-Lite Industries Canada Price Performance

Shares of OLNCF stock opened at $2.05 on Friday. Omni-Lite Industries Canada has a 1 year low of $0.90 and a 1 year high of $2.14. The firm has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.23. The company has a market cap of $31.73 million, a price-to-earnings ratio of 25.63 and a beta of 0.47.

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.