Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.24 and traded as high as $1.28. Omni-Lite Industries Canada shares last traded at $1.28, with a volume of 2,900 shares.

Omni-Lite Industries Canada Stock Down 2.9%

The firm’s 50 day moving average price is $1.24 and its 200-day moving average price is $1.01.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last issued its earnings results on Wednesday, August 13th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $3.46 million during the quarter. Omni-Lite Industries Canada had a negative return on equity of 0.82% and a negative net margin of 1.03%.

Omni-Lite Industries Canada Company Profile

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.