Onex (OTCMKTS:ONEXF) Sets New 12-Month Low – Time to Sell?

Onex Co. (OTCMKTS:ONEXF)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $60.72 and last traded at $62.38, with a volume of 30485 shares traded. The stock had previously closed at $66.92.

Onex Stock Down 6.8 %

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 firm’s 50 day moving average price is $71.38 and its two-hundred day moving average price is $74.87. The company has a market cap of $4.48 billion, a P/E ratio of 7.08 and a beta of 1.41.

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

Onex Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.0704 per share. This represents a yield of 0.41%. The ex-dividend date is Thursday, April 10th. Onex’s dividend payout ratio is currently 6.78%.

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.