Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.20 and traded as low as $1.04. Omni-Lite Industries Canada shares last traded at $1.04, with a volume of 23,500 shares.

Omni-Lite Industries Canada Stock Down 6.3%

The company has a market capitalization of $16.10 million, a price-to-earnings ratio of 104.10 and a beta of 0.17. The firm has a 50 day moving average price of $1.11 and a two-hundred day moving average price of $1.20.

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.