OMNI-LITE INDS CAN (OLNCF) Downgraded by Zacks Investment Research to Strong Sell

Zacks Investment Research downgraded shares of OMNI-LITE INDS CAN (OTCMKTS:OLNCF) from a hold rating to a strong sell rating in a research note issued to investors 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 upgraded OMNI-LITE INDS CAN from a hold rating to a buy rating in a research note on Monday, October 2nd.

Shares of OMNI-LITE INDS CAN (OTCMKTS OLNCF) remained flat at $1.33 during trading on Wednesday. The firm has a market capitalization of $13.79 million, a P/E ratio of 16.02 and a beta of -0.34. OMNI-LITE INDS CAN has a 52-week low of $1.07 and a 52-week high of $1.61. The company’s 50-day moving average is $1.43 and its 200-day moving average is $1.37.

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About OMNI-LITE INDS CAN

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.

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