ONEX (OTCMKTS:ONEXF) Sets New 1-Year High - Here's What Happened

Key Points

• ONEX Corporation reached a new 52-week high, trading at $88.33 with a closing price of $88.09 and a volume of 3,561 shares.
• The company announced an increase in its dividend, now at $0.0718 per share, up from the previous $0.07, reflecting a dividend yield of 35.0%.
• TD Securities has restated a "buy" rating for ONEX, contributing to an overall average rating of "Buy" from analysts.

ONEX Corporation (OTCMKTS:ONEXF - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $88.33 and last traded at $88.09, with a volume of 3561 shares changing hands. The stock had previously closed at $87.60.

Wall Street Analysts Forecast Growth

Separately, TD Securities restated a "buy" rating on shares of ONEX in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ONEX currently has an average rating of "Buy".

ONEX Price Performance

The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 12.03 and a beta of 1.35. The firm's 50-day simple moving average is $83.27 and its 200 day simple moving average is $75.90.

ONEX (OTCMKTS:ONEXF - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $3.30 earnings per share for the quarter. The firm had revenue of $325.00 million for the quarter. ONEX had a net margin of 61.92% and a return on equity of 6.12%.

ONEX Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were paid a dividend of $0.0718 per share. The ex-dividend date of this dividend was Thursday, July 10th. This is a boost from ONEX's previous dividend of $0.07. This represents a dividend yield of 35.0%. ONEX's payout ratio is presently 3.96%.

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.

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