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Onex (TSE:ONEX) Stock Price Passes Below 50 Day Moving Average - What's Next?

Onex logo with Financial Services background

Onex Co. (TSE:ONEX - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$99.44 and traded as low as C$90.47. Onex shares last traded at C$90.63, with a volume of 222,751 shares traded.

Analysts Set New Price Targets

Separately, TD Securities reduced their price objective on shares of Onex from C$140.00 to C$137.00 in a research note on Monday, February 24th.

View Our Latest Stock Analysis on Onex

Onex Trading Up 2.4 %

The firm has a market capitalization of C$4.68 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85. The firm's 50-day simple moving average is C$98.34 and its 200-day simple moving average is C$105.15.

About Onex

(Get Free Report)

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices.

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