ONEX (OTCMKTS:ONEXF) Shares Gap Up – What’s Next?

ONEX Corporation (OTCMKTS:ONEXF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $73.1060, but opened at $75.79. ONEX shares last traded at $75.79, with a volume of 135 shares changing hands.

ONEX Stock Up 1.8%

The business has a fifty day simple moving average of $75.54 and a 200 day simple moving average of $80.48. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 8.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 30.17 and a quick ratio of 30.17.

ONEX (OTCMKTS:ONEXF) last announced its earnings results on Friday, February 20th. The company reported $2.64 EPS for the quarter. ONEX had a return on equity of 7.16% and a net margin of 68.63%.The business 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.