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

ONEX Corporation (OTCMKTS:ONEXF - Get Free Report)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $73.73 and traded as high as $80.83. ONEX shares last traded at $80.75, with a volume of 20,913 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank reiterated an "outperform" rating on shares of ONEX in a research note on Thursday, April 24th.

ONEX Price Performance

The firm's 50-day simple moving average is $74.60 and its two-hundred day simple moving average is $74.08. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.98 and a beta of 1.32.

ONEX (OTCMKTS:ONEXF - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $2.36 earnings per share for the quarter. ONEX had a net margin of 60.42% and a return on equity of 5.40%. The company had revenue of $211.00 million for the quarter.

ONEX Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were given a dividend of $0.0704 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 0.41%. ONEX's payout ratio is currently 4.51%.

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.