Zacks Investment Research upgraded shares of OMNI-LITE INDS CAN COM NPV (OTCMKTS:OLNCF) from a hold rating to a buy rating in a report issued on Tuesday morning. The firm currently has $1.50 price objective on the stock.
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. “
Shares of OMNI-LITE INDS CAN COM NPV (OTCMKTS:OLNCF) opened at 1.49 on Tuesday. The stock has a market cap of $16.29 million and a PE ratio of 30.41. The firm has a 50-day moving average price of $1.42 and a 200-day moving average price of $1.22. OMNI-LITE INDS CAN COM NPV has a 12 month low of $1.01 and a 12 month high of $1.60.
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