Zacks Investment Research cut shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) from a hold rating to a sell rating in a report 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. “

Separately, ValuEngine downgraded shares of Omni-Lite Industries Canada from a buy rating to a hold rating in a research report on Wednesday, May 31st.

Shares of Omni-Lite Industries Canada (OTCMKTS OLNCF) opened at 1.555 on Friday. The firm’s 50-day moving average price is $1.48 and its 200 day moving average price is $1.27. Omni-Lite Industries Canada has a 1-year low of $1.07 and a 1-year high of $1.61. The stock has a market capitalization of $16.12 million and a price-to-earnings ratio of 17.472.

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