Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Climb 2.4% – Should You Buy?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) shares shot up 2.4% during mid-day trading on Monday. The stock traded as high as $2.11 and last traded at $2.11. 500 shares changed hands during trading, a decline of 93% from the average daily volume of 6,895 shares. The stock had previously closed at $2.06.

Omni-Lite Industries Canada Trading Up 2.4%

The stock has a market capitalization of $33.57 million, a PE ratio of 26.38 and a beta of 0.59. The company’s 50-day moving average is $2.09 and its 200 day moving average is $1.46.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last released its earnings results on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share for the quarter. The company had revenue of $4.80 million for the quarter. Omni-Lite Industries Canada had a net margin of 6.33% and a return on equity of 7.41%.

Omni-Lite Industries Canada Company Profile

Omni-Lite Industries Canada Inc is a Canadian manufacturing company that develops and produces specialized, precision-engineered components for aerospace, defense, industrial, automotive and recreational applications.

The company uses proprietary manufacturing and materials technologies, including cold-forming and forging processes, to produce lightweight and durable components. Its product offerings include precision fasteners, structural parts and other specialized components designed for demanding operating environments.

Omni-Lite serves customers that require highly engineered parts for applications where strength, weight reduction and performance are important.