Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.98 and traded as low as $0.77. Omni-Lite Industries Canada shares last traded at $0.77, with a volume of 59,881 shares changing hands.

Omni-Lite Industries Canada Stock Performance

The company has a market capitalization of $11.92 million, a price-to-earnings ratio of 11.00 and a beta of 0.38. The business has a 50 day moving average price of $0.91 and a 200-day moving average price of $0.98.

About Omni-Lite Industries Canada

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Omni-Lite Industries Canada Inc operates as a designer and manufacturer of precision components in the United States and Canada. It offers forged, electronic, and investment casting components for aerospace, military, specialty, automotive, sports, and recreational industries. The company was incorporated in 1992 and is headquartered in Cerritos, California.

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