Zacks Investment Research upgraded shares of Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCF) from a sell rating to a hold rating in a research note published on Wednesday morning.

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 cut 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) remained flat at $1.42 during trading on Wednesday. Omni-Lite Industries Canada has a one year low of $1.07 and a one year high of $1.61. The company has a market cap of $14.72 million, a P/E ratio of 17.11 and a beta of -0.17. The company’s 50 day moving average is $1.47 and its 200 day moving average is $1.34.

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About Omni-Lite Industries Canada

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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