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

Key Points

• ONEX Corporation's share price has crossed above its 50-day moving average, currently sitting at $81.50 after trading as high as $81.75.
• Analysts maintain a positive outlook on ONEX, with "outperform" and "buy" ratings from firms like Scotiabank and TD Securities, contributing to an average rating of "Buy".
• ONEX recently increased its dividend to $0.0718, reflecting a yield of 35.0%, demonstrating a commitment to returning value to shareholders.

ONEX Corporation (OTCMKTS:ONEXF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $81.53 and traded as high as $81.75. ONEX shares last traded at $81.50, with a volume of 10,793 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ONEXF shares. Scotiabank reiterated an "outperform" rating on shares of ONEX in a research note on Thursday, April 24th. TD Securities restated a "buy" rating on shares of ONEX in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ONEX has an average rating of "Buy".

ONEX Trading Down 0.6%

The business's 50 day moving average price is $81.53 and its two-hundred day moving average price is $75.06. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 11.13 and a beta of 1.35.

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

ONEX Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were issued a $0.0718 dividend. This is a boost from ONEX's previous dividend of $0.07. The ex-dividend date was Thursday, July 10th. This represents a yield of 35.0%. ONEX's dividend payout ratio (DPR) is 3.83%.

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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