ONEX (OTCMKTS:ONEXF) Sees Unusually-High Trading Volume – What’s Next?

Shares of ONEX Corporation (OTCMKTS:ONEXF) saw unusually-strong trading volume on Tuesday . Approximately 39,602 shares were traded during mid-day trading, an increase of 214% from the previous session’s volume of 12,610 shares.The stock last traded at $75.3436 and had previously closed at $75.26.

Analysts Set New Price Targets

Several brokerages recently commented on ONEXF. TD Securities reaffirmed a “buy” rating on shares of ONEX in a report on Friday, October 31st. Scotiabank reissued an “outperform” rating on shares of ONEX in a research report on Friday, October 31st. Two investment 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, ONEX has a consensus rating of “Moderate Buy”.

ONEX Price Performance

The business has a 50-day simple moving average of $81.68 and a 200 day simple moving average of $83.08. The firm has a market cap of $5.17 billion, a PE ratio of 8.49 and a beta of 1.22.

ONEX (OTCMKTS:ONEXF) last announced its quarterly earnings data on Friday, February 20th. The company reported $2.64 earnings per share (EPS) for the quarter. ONEX had a return on equity of 7.21% and a net margin of 68.63%.The company had revenue of $234.00 million during the quarter.

ONEX Company Profile

Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.

Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.