Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Up 2.4% – Still a Buy?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) shares rose 2.4% on Monday. The stock traded as high as $2.11 and last traded at $2.11. Approximately 500 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 6,895 shares. The stock had previously closed at $2.06.

Omni-Lite Industries Canada Trading Down 5.6%

The stock has a market capitalization of $31.70 million, a P/E ratio of 24.90 and a beta of 0.59. The firm’s fifty day moving average is $2.09 and its 200-day moving average is $1.47.

Omni-Lite Industries Canada (OTCMKTS:OLNCF) last posted its quarterly earnings data on Wednesday, August 19th. The industrial products company reported $0.03 earnings per share for the quarter. The company had revenue of $4.80 million during the quarter. Omni-Lite Industries Canada had a net margin of 6.33% and a return on equity of 7.41%.

Omni-Lite Industries Canada Company Profile

Omni-Lite Industries Canada Inc. is a Canadian manufacturing company that develops and produces specialized, precision-engineered components for aerospace, defense, industrial, automotive and recreational applications. The company uses proprietary manufacturing and materials technologies, including cold-forming and forging processes, to produce lightweight and durable components. Its product offerings include precision fasteners, structural parts and other specialized components designed for demanding operating environments.