Omni-Lite Industries Canada (OTCMKTS:OLNCF) Posts Quarterly Earnings Results

Omni-Lite Industries Canada (OTCMKTS:OLNCF) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.03 EPS for the quarter, Zacks reports. Omni-Lite Industries Canada had a net margin of 0.80% and a return on equity of 0.77%.

Omni-Lite Industries Canada Stock Performance

Shares of OLNCF stock traded up $0.21 on Wednesday, reaching $1.24. 14,900 shares of the company’s stock traded hands, compared to its average volume of 21,506. The company has a market capitalization of $19.19 million, a P/E ratio of 62.03 and a beta of 0.43. Omni-Lite Industries Canada has a 12-month low of $0.82 and a 12-month high of $1.36. The business’s 50 day moving average price is $1.01 and its two-hundred day moving average price is $1.09.

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.