Onex (OTCMKTS:ONEXF) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Onex Co. (OTCMKTS:ONEXF)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 raised Onex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

Onex Stock Down 0.9 %

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 firm has a 50-day simple moving average of $77.78 and a two-hundred day simple moving average of $74.83. The company has a market cap of $5.45 billion, a PE ratio of 8.35 and a beta of 1.55.

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

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 issued a dividend of $0.0721 per share. This represents a dividend yield of 0.37%. The ex-dividend date was Friday, January 10th. Onex’s dividend payout ratio (DPR) is 6.78%.

About Onex

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.