Onex (OTCMKTS:ONEXF) Shares Pass Above 50 Day Moving Average - Here's Why

Onex Co. (OTCMKTS:ONEXF - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $68.08 and traded as high as $73.42. Onex shares last traded at $73.42, with a volume of 8,231 shares changing hands.

Analyst Ratings Changes

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

Onex Price Performance

The business has a fifty day simple moving average of $68.08 and a 200-day simple moving average of $74.58. The stock has a market capitalization of $5.27 billion, a P/E ratio of 8.33 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.86 and a current ratio of 2.86.

Onex (OTCMKTS:ONEXF - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported ($0.02) 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 during the quarter.

Onex Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a dividend of $0.0704 per share. This represents a yield of 0.41%. The ex-dividend date of this dividend was Thursday, April 10th. Onex's dividend payout ratio (DPR) is currently 6.78%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.