Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Cross Below 50 Day Moving Average of $0.76

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.76 and traded as low as $0.75. Omni-Lite Industries Canada shares last traded at $0.75, with a volume of 167 shares.

The stock has a 50 day moving average price of $0.76 and a two-hundred day moving average price of $0.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 3.45.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last posted its quarterly earnings results on Tuesday, August 13th. The industrial products company reported $0.01 earnings per share for the quarter. Omni-Lite Industries Canada had a negative return on equity of 25.93% and a negative net margin of 44.87%. The company had revenue of $2.57 million during the quarter.

About Omni-Lite Industries Canada (OTCMKTS:OLNCF)

Omni-Lite Industries Canada Inc develops, manufactures, and sells precision components to Fortune 500 companies in the United States, Canada, and Barbados. It offers vibration resistant stainless steel fastener components for the aerospace industry; transmission valves, as well as brake, transmission, and engine parts for the automotive industry; inventory control cups for inventory control systems that are used by the retail clothing industry; links and head caps for the military sector; and ceramic track spikes for the sports and recreation industry.

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