Onex (OTCMKTS:ONEXF) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Onex Co. (OTCMKTS:ONEXF) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $71.67 and traded as high as $79.43. Onex shares last traded at $79.43, with a volume of 3,134 shares trading hands.

Analysts Set New Price Targets

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

Onex Trading Down 0.5 %

The stock has a fifty day moving average of $76.97 and a two-hundred day moving average of $71.67. The company has a market capitalization of $5.88 billion, a PE ratio of 9.02 and a beta of 1.56. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.01.

Onex (OTCMKTS:ONEXF) last issued its quarterly earnings results on Friday, November 8th. The company reported $1.68 EPS for the quarter. The business had revenue of $199.00 million for the quarter. Onex had a net margin of 68.14% and a return on equity of 7.94%.

Onex Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a $0.0736 dividend. This represents a yield of 0.42%. The ex-dividend date of this dividend was Thursday, October 10th. This is a boost from Onex’s previous dividend of $0.07. Onex’s dividend payout ratio (DPR) is presently 3.29%.

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.