Onex (TSE:ONEX) Stock Crosses Below 50 Day Moving Average of $95.98

Onex Co. (TSE:ONEX)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$95.98 and traded as low as C$95.11. Onex shares last traded at C$96.34, with a volume of 38,013 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada dropped their target price on Onex from C$119.00 to C$115.00 and set a “sector perform” rating for the company in a research report on Monday, May 13th. TD Securities lowered their price target on Onex from C$115.00 to C$112.00 in a report on Thursday, April 25th.

Onex Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.57, a current ratio of 3.98 and a quick ratio of 2.41. The stock has a market cap of C$7.40 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 1.47 and a beta of 1.56. The business has a fifty day moving average of C$95.98 and a 200-day moving average of C$98.52.

About Onex

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, upper-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.