ONEX (OTCMKTS:ONEXF) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• ONEX Corporation's shares have recently crossed above their fifty-day moving average, signaling potential upward momentum.
• The company's latest quarterly earnings highlighted $3.30 EPS and a revenue of $325 million, showcasing a strong net margin of 61.92%.
• ONEX has declared an increased dividend of $0.0718 per share, reflecting a substantial dividend yield of 35.0% and maintaining a low payout ratio of 3.96%.

Shares of ONEX Corporation (OTCMKTS:ONEXF - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $81.01 and traded as high as $82.45. ONEX shares last traded at $82.39, with a volume of 5,572 shares traded.

Analyst Ratings Changes

ONEXF has been the topic of several analyst reports. Scotiabank reiterated an "outperform" rating on shares of ONEX in a research note on Thursday, April 24th. TD Securities reiterated a "buy" rating on shares of ONEX in a research note on Friday, August 8th.

ONEX Trading Down 0.5%

The company's 50 day moving average price is $81.34 and its two-hundred day moving average price is $74.94. The firm has a market cap of $5.77 billion, a PE ratio of 11.20 and a beta of 1.35.

ONEX (OTCMKTS:ONEXF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $3.30 earnings per share for the quarter. The business had revenue of $325.00 million for the quarter. ONEX had a net margin of 61.92% and a return on equity of 6.14%.

ONEX Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a dividend of $0.0718 per share. This represents a dividend yield of 35.0%. The ex-dividend date was Thursday, July 10th. This is a positive change from ONEX's previous dividend of $0.07. ONEX's payout ratio is 3.96%.

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.