ONEX (OTCMKTS:ONEXF) Stock Passes Below 200 Day Moving Average – Here’s What Happened

ONEX Corporation (OTCMKTS:ONEXF)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $82.04 and traded as low as $77.44. ONEX shares last traded at $77.44, with a volume of 2,240 shares traded.

Wall Street Analysts Forecast Growth

ONEXF has been the subject of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of ONEX in a research note on Wednesday, October 1st. They set a “hold” rating for the company. TD Securities restated a “buy” rating on shares of ONEX in a report on Friday, October 31st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of ONEX in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

ONEX Trading Up 0.5%

The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 12.53 and a beta of 1.33. The firm has a 50 day moving average price of $83.76 and a two-hundred day moving average price of $81.98.

ONEX (OTCMKTS:ONEXF) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.57 EPS for the quarter. The firm had revenue of $129.00 million for the quarter. ONEX had a net margin of 56.15% and a return on equity of 5.11%.

ONEX Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 13th were issued a dividend of $0.0727 per share. This represents a dividend yield of 32.0%. The ex-dividend date was Friday, October 10th. This is a positive change from ONEX’s previous dividend of $0.07. ONEX’s dividend payout ratio (DPR) is presently 4.67%.

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.