Wajax (TSE:WJX) Hits New 1-Year Low – Should You Sell?

Wajax Co. (TSE:WJX)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$20.32 and last traded at C$20.45, with a volume of 95683 shares. The stock had previously closed at C$20.75.

Analyst Upgrades and Downgrades

WJX has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price target on Wajax from C$28.00 to C$24.00 in a research report on Wednesday, November 6th. Scotiabank reduced their price target on shares of Wajax from C$29.00 to C$24.00 in a research report on Wednesday, November 6th. National Bank Financial raised shares of Wajax to a “hold” rating in a research report on Thursday, September 26th. National Bankshares set a C$26.00 price target on shares of Wajax and gave the stock a “sector perform” rating in a research note on Friday, September 27th. Finally, TD Securities reduced their price objective on Wajax from C$30.00 to C$24.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$24.50.

Wajax Stock Down 1.5 %

The stock’s 50 day moving average is C$23.13 and its 200 day moving average is C$24.64. The company has a market capitalization of C$444.16 million, a PE ratio of 6.53, a PEG ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 103.38, a quick ratio of 0.71 and a current ratio of 1.91.

Wajax Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Monday, December 16th. Wajax’s dividend payout ratio (DPR) is presently 44.73%.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.