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Onex (OTCMKTS:ONEXF) Shares Cross Above 50 Day Moving Average - Here's What Happened

Onex logo with Finance background

Onex Co. (OTCMKTS:ONEXF - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $69.66 and traded as high as $74.30. Onex shares last traded at $74.30, with a volume of 40,439 shares.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on ONEXF

Onex Trading Up 1.8%

The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average price is $69.99 and its 200 day moving average price is $74.39. The company has a market capitalization of $5.41 billion, a P/E ratio of 8.55 and a beta of 1.31.

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

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 paid a $0.0704 dividend. This represents a yield of 0.41%. The ex-dividend date was Thursday, April 10th. Onex's payout ratio is 4.35%.

About Onex

(Get Free Report)

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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