Onex (OTCMKTS:ONEXF) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Onex Co. (OTCMKTS:ONEXF) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $74.83 and traded as low as $73.52. Onex shares last traded at $73.52, with a volume of 46,928 shares traded.

Analysts Set New Price Targets

Separately, TD Securities upgraded Onex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

Onex Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.86. The stock has a market capitalization of $5.45 billion, a P/E ratio of 8.35 and a beta of 1.55. The company has a fifty day moving average of $77.78 and a two-hundred day moving average of $74.83.

Onex (OTCMKTS:ONEXF) last announced its quarterly earnings data on Friday, February 21st. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $108.00 million during the quarter. Onex had a net margin of 68.14% and a return on equity of 7.94%.

Onex Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a dividend of $0.0721 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a dividend yield of 0.37%. Onex’s dividend payout ratio is presently 6.78%.

Onex Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.