Omni-Lite Industries Canada (OTCMKTS:OLNCF) Posts Quarterly Earnings Results

Omni-Lite Industries Canada (OTCMKTS:OLNCF) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.03 earnings per share for the quarter, Zacks reports. Omni-Lite Industries Canada had a return on equity of 2.77% and a net margin of 2.59%.

Omni-Lite Industries Canada Stock Up 21.2%

Shares of OTCMKTS:OLNCF opened at $1.88 on Thursday. Omni-Lite Industries Canada has a 12-month low of $0.90 and a 12-month high of $1.88. The company’s 50 day moving average price is $1.51 and its two-hundred day moving average price is $1.22. The firm has a market cap of $29.08 million, a PE ratio of 46.99 and a beta of 0.47.

Omni-Lite Industries Canada Company Profile

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.