Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday.
According to Zacks, “Omni-Lite Industries Canada Inc. develops, produces, and markets specialized metal matrix composite, aluminum, carbon, and stainless steel alloy products. The Company’s operating segment consists of Military, Aerospace, Specialty Automotive and Sports and Recreation. It serves primarily in the United States, Canada, and Barbados. Omni-Lite Industries Canada Inc. is headquartered in Cerritos, California. “
Separately, ValuEngine lowered Omni-Lite Industries Canada from a “buy” rating to a “hold” rating in a report on Thursday, August 17th.
Omni-Lite Industries Canada (OTCMKTS:OLNCF) opened at 1.3303 on Wednesday. The stock has a 50 day moving average price of $1.43 and a 200-day moving average price of $1.37. The firm has a market capitalization of $13.79 million, a PE ratio of 16.0277 and a beta of -0.34. Omni-Lite Industries Canada has a 12-month low of $1.07 and a 12-month high of $1.61.
ILLEGAL ACTIVITY WARNING: This story was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://stocknewstimes.com/2017/10/11/omni-lite-industries-canada-inc-olncf-stock-rating-lowered-by-zacks-investment-research.html.
Omni-Lite Industries Canada Company Profile
Omni-Lite Industries Canada Inc develops, produces, and markets specialized metal matrix composite, aluminum, carbon, and stainless steel alloy products to Fortune 500 companies. It offers vibration resistant stainless steel fastener components and jet engine components for the aerospace industry; transmission valves and airbag retainer rivets for the automotive industry; inventory control cups and other components for inventory control systems for the commercial industry; links and head caps for the military sector; and ceramic track spikes for the sports and recreation industry.
Receive News & Ratings for Omni-Lite Industries Canada Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omni-Lite Industries Canada Inc. and related companies with MarketBeat.com's FREE daily email newsletter.