ONEX (OTCMKTS:ONEXF) Stock Passes Above Fifty Day Moving Average - What's Next?

Key Points

• ONEX Corporation's stock price recently crossed above its 50-day moving average of $84.61, reaching a high of $88.50 during trading with a volume of 5,836 shares.
• TD Securities reaffirmed a "buy" rating on ONEX shares, contributing to an overall average rating of "Buy" from analysts.
• ONEX announced an increased dividend of $0.0718, reflecting a dividend yield of 35.0%, up from its previous dividend of $0.07.

ONEX Corporation (OTCMKTS:ONEXF - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $84.61 and traded as high as $88.50. ONEX shares last traded at $88.50, with a volume of 5,836 shares traded.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a "buy" rating on shares of ONEX in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy".

ONEX Stock Performance

The company has a 50 day moving average price of $84.61 and a 200 day moving average price of $77.03. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 12.09 and a beta of 1.35.

ONEX (OTCMKTS:ONEXF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $3.30 earnings per share (EPS) for the quarter. The business had revenue of $325.00 million during the quarter. ONEX had a return on equity of 6.12% and a net margin of 61.92%.

ONEX Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid a $0.0718 dividend. This represents a dividend yield of 35.0%. The ex-dividend date was Thursday, July 10th. This is a boost from ONEX's previous dividend of $0.07. ONEX's dividend payout ratio (DPR) is presently 3.96%.

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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