Onex (OTCMKTS:ONEXF) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Onex Co. (OTCMKTS:ONEXF - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $74.65 and traded as low as $65.75. Onex shares last traded at $65.75, with a volume of 9,777 shares changing hands.

Onex Price Performance

The firm has a market cap of $4.74 billion, a PE ratio of 7.49 and a beta of 1.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.86. The business's fifty day moving average is $69.26 and its 200-day moving average is $74.57.

Onex (OTCMKTS:ONEXF - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported ($0.02) earnings per share (EPS) for the quarter. Onex had a return on equity of 7.94% and a net margin of 68.14%. The company had revenue of $108.00 million for the quarter.

Onex Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a $0.0704 dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 0.41%. Onex's payout ratio is presently 6.78%.

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.