Omni-Lite Industries Canada (OTCMKTS:OLNCF) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.19 and traded as low as $0.99. Omni-Lite Industries Canada shares last traded at $1.00, with a volume of 89,000 shares changing hands.

Omni-Lite Industries Canada Stock Performance

The company’s 50 day moving average price is $1.08 and its 200-day moving average price is $1.19. The company has a market cap of $15.48 million, a price-to-earnings ratio of 100.10 and a beta of 0.19.

About Omni-Lite Industries Canada

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.