Onex (OTCMKTS:ONEXF) Shares Pass Below 200-Day Moving Average – Time to Sell?

Onex Co. (OTCMKTS:ONEXF)’s stock price crossed 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.

Wall Street Analysts Forecast Growth

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

Onex Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.86 and a current ratio of 2.86. The stock has a market cap of $5.45 billion, a PE ratio of 8.35 and a beta of 1.55. The stock’s 50-day moving average is $77.78 and its two-hundred day moving average is $74.89.

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

Onex Cuts Dividend

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