ONEX (OTCMKTS:ONEXF) Share Price Passes Above 50 Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyONEX Corporation (OTCMKTS:ONEXF – Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $80.86 and traded as high as $85.25. ONEX shares last traded at $85.01, with a volume of 1,888 shares traded.
Analyst Upgrades and Downgrades
ONEXF has been the subject of a number of analyst reports. Royal Bank Of Canada initiated coverage on ONEX in a research note on Wednesday, October 1st. They set a “hold” rating for the company. TD Securities reiterated a “buy” rating on shares of ONEX in a report on Friday, October 31st. Finally, Scotiabank reissued an “outperform” rating on shares of ONEX in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, ONEX currently has a consensus rating of “Moderate Buy”.
Read Our Latest Report on ONEX
ONEX Price Performance
The company has a market cap of $5.71 billion, a PE ratio of 13.41 and a beta of 1.23. The business has a 50 day moving average of $80.98 and a 200 day moving average of $83.42.
ONEX (OTCMKTS:ONEXF – Get Free Report) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.57 earnings per share (EPS) for the quarter. ONEX had a net margin of 56.15% and a return on equity of 5.09%. The business had revenue of $129.00 million for the quarter.
About ONEX
Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.
Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.