Wajax (TSE:WJX) Shares Cross Above 200 Day Moving Average of $15.73

Wajax Corp (TSE:WJX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.73 and traded as high as $15.75. Wajax shares last traded at $15.66, with a volume of 5,110 shares changing hands.

A number of analysts have recently issued reports on the stock. Raymond James reiterated a “market perform” rating and issued a C$17.50 price objective on shares of Wajax in a report on Monday, August 12th. Royal Bank of Canada lifted their price objective on shares of Wajax from C$22.00 to C$24.00 and gave the company an “outperform” rating in a report on Monday, August 12th.

The company has a debt-to-equity ratio of 126.82, a current ratio of 2.25 and a quick ratio of 0.81. The firm’s 50 day moving average is C$16.07 and its two-hundred day moving average is C$15.73. The firm has a market capitalization of $311.46 million and a P/E ratio of 9.04.

Wajax (TSE:WJX) last released its earnings results on Thursday, August 8th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.57 by C$0.05. The firm had revenue of C$409.43 million during the quarter. Analysts anticipate that Wajax Corp will post 2.3599998 EPS for the current fiscal year.

Wajax Company Profile (TSE:WJX)

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

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