Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.99 and traded as low as $0.90. Omni-Lite Industries Canada shares last traded at $0.92, with a volume of 7,900 shares changing hands.

Omni-Lite Industries Canada Stock Performance

The company has a market cap of $14.31 million, a P/E ratio of 13.21 and a beta of 0.39. The stock has a 50 day moving average price of $0.97 and a 200 day moving average price of $0.99.

Omni-Lite Industries Canada (OTCMKTS:OLNCFGet Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported ($0.01) EPS for the quarter. Omni-Lite Industries Canada had a return on equity of 6.59% and a net margin of 6.82%. The business had revenue of $3.78 million during the quarter.

Omni-Lite Industries Canada Company Profile

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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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