Onex (OTCMKTS:ONEXF) Shares Pass Above 50 Day Moving Average - Should You Sell?

Onex Co. (OTCMKTS:ONEXF - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $72.16 and traded as high as $78.25. Onex shares last traded at $77.70, with a volume of 13,668 shares.

Analyst Ratings Changes

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

Onex Stock Down 2.1%

The company has a market capitalization of $5.58 billion, a P/E ratio of 8.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.86 and a current ratio of 2.86. The stock has a 50 day moving average price of $72.16 and a 200 day moving average price of $74.20.

Onex (OTCMKTS:ONEXF - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $2.36 EPS for the quarter. The company had revenue of $211.00 million for the quarter. Onex had a return on equity of 7.94% and a net margin of 68.14%.

Onex Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued 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 presently 4.67%.

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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