Onex (TSE:ONEX) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Onex Co. (TSE:ONEX) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$112.42 and traded as low as C$108.88. Onex shares last traded at C$110.18, with a volume of 98,092 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities raised shares of Onex from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$111.00 to C$140.00 in a research note on Monday, December 30th.

Onex Trading Up 1.5 %

The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41. The stock’s 50-day simple moving average is C$112.31 and its two-hundred day simple moving average is C$103.27. The firm has a market capitalization of C$5.52 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Onex Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, upper-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.