ONEX (OTCMKTS:ONEXF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

ONEX Corporation (OTCMKTS:ONEXF – Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $77.81 and traded as high as $79.3050. ONEX shares last traded at $79.3050, with a volume of 9,074 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ONEXF shares. Canadian Imperial Bank of Commerce upgraded ONEX from a “hold” rating to an “outperform” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of ONEX in a report on Friday, August 14th. Finally, BMO Capital Markets initiated coverage on ONEX in a research report on Thursday, October 1st. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on ONEX

ONEX Trading Up 4.1%

The stock’s 50-day moving average is $76.20 and its 200-day moving average is $77.76. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 11.97 and a beta of 1.25.

ONEX (OTCMKTS:ONEXF – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $1.71 EPS for the quarter. ONEX had a net margin of 63.83% and a return on equity of 5.24%. The business had revenue of $202.00 million during the quarter.

ONEX Company Profile

(Get Free Report)

Onex Corporation is a Canadian investment manager and investor that manages capital on behalf of institutional investors, family offices and other clients. The company focuses primarily on private equity and private credit investments, seeking opportunities across a range of industries and geographies.

Through its investment platforms, Onex invests in and supports businesses with the goal of creating long-term value. Its activities include acquiring interests in companies, providing private financing and managing investment funds for third-party investors.

Further Reading

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