Zacks Investment Research downgraded shares of OMNI-LITE INDS CAN COM NPV (OTCMKTS:OLNCF) from a buy rating to a hold rating in a research note released on Friday.

According to Zacks, “Omni-Lite Industries Canada Inc. develops, produces, and markets specialized metal matrix composite, aluminum, carbon, and stainless steel alloy products. The Company’s operating segment consists of Military, Aerospace, Specialty Automotive and Sports and Recreation. It serves primarily in the United States, Canada, and Barbados. Omni-Lite Industries Canada Inc. is headquartered in Cerritos, California. “

Shares of OMNI-LITE INDS CAN COM NPV (OTCMKTS:OLNCF) opened at 1.38 on Friday. The stock’s 50 day moving average price is $1.42 and its 200-day moving average price is $1.22. OMNI-LITE INDS CAN COM NPV has a 52-week low of $1.01 and a 52-week high of $1.60. The firm has a market cap of $15.09 million and a price-to-earnings ratio of 28.16.

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