Onex (OTCMKTS:ONEXF) Stock Price Passes Below 200-Day Moving Average - Here's Why

Shares of Onex Co. (OTCMKTS:ONEXF - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $74.49 and traded as low as $68.79. Onex shares last traded at $68.79, with a volume of 11,707 shares changing hands.

Wall Street Analysts Forecast Growth

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

Onex Price Performance

The company has a 50 day moving average price of $68.23 and a 200 day moving average price of $74.46. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $5.00 billion, a P/E ratio of 7.90 and a beta of 1.41.

Onex (OTCMKTS:ONEXF - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported ($0.02) EPS for the quarter. The company had revenue of $108.00 million during 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 disclosed 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 dividend payout ratio (DPR) is presently 6.78%.

About Onex

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.