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

Shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.18 and traded as low as $1.0105. Omni-Lite Industries Canada shares last traded at $1.0105, with a volume of 3,800 shares trading hands.

Omni-Lite Industries Canada Trading Up 3.2%

The stock’s 50-day moving average price is $1.07 and its 200-day moving average price is $1.18. The company has a market capitalization of $15.64 million, a P/E ratio of 101.15 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.