Omnitek Engineering Corp. (OTCMKTS:OMTK – Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.01 and traded as high as $0.0288. Omnitek Engineering shares last traded at $0.0288, with a volume of 11,491 shares.
Omnitek Engineering Trading Down 4.9%
The business has a fifty day moving average price of $0.02 and a two-hundred day moving average price of $0.01. The firm has a market capitalization of $594,845.00, a PE ratio of 2.71 and a beta of 0.32.
About Omnitek Engineering
Omnitek Engineering, Inc develops and supplies alternative-fuel technology for internal-combustion engines. The company has focused primarily on systems that convert diesel-powered vehicles and equipment to operate on cleaner-burning fuels, including compressed natural gas and other gaseous fuels.
Its products have included engine conversion kits, electronic control systems, fuel-system components and related hardware designed for medium- and heavy-duty applications. These systems are intended for use in commercial vehicles, transit buses, trucks, industrial equipment and other diesel engine platforms, with an emphasis on reducing emissions and fuel costs.
Omnitek Engineering has historically operated from California and has marketed its technology through domestic and international distribution and licensing relationships.
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