OmniTek Engineering (OTCMKTS:OMTK) Share Price Passes Above 200 Day Moving Average of $0.08

OmniTek Engineering Corp (OTCMKTS:OMTK)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.08 and traded as high as $0.08. OmniTek Engineering shares last traded at $0.08, with a volume of 19,000 shares trading hands.

The firm has a market capitalization of $1.67 million, a P/E ratio of -4.00 and a beta of 2.25. The firm’s fifty day moving average price is $0.07 and its 200-day moving average price is $0.08.

About OmniTek Engineering (OTCMKTS:OMTK)

Omnitek Engineering Corp. engages in the development and sale of proprietary technology to convert diesel engines to an alternative fuel, natural gas engines and complementary products. Its product application includes stationary applications, global transportation industry, which includes light commercial vehicles, minibuses, heavy-duty-trucks, municipal buses, as well as rail and marine applications.

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