Wajax Co. (TSE:WJX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$20.23 and traded as high as C$23.68. Wajax shares last traded at C$23.38, with a volume of 97,590 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have issued reports on WJX shares. TD Securities lifted their target price on shares of Wajax from C$21.00 to C$24.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Scotiabank lifted their target price on shares of Wajax from C$22.00 to C$23.50 and gave the stock a "sector perform" rating in a research note on Wednesday, May 7th. National Bankshares decreased their target price on shares of Wajax from C$22.00 to C$20.00 and set a "sector perform" rating on the stock in a research note on Wednesday, April 9th. Finally, BMO Capital Markets lifted their target price on shares of Wajax from C$20.00 to C$22.00 in a research note on Tuesday, May 6th.
Read Our Latest Analysis on WJX
Wajax Price Performance
The business's 50 day moving average price is C$18.46 and its 200 day moving average price is C$20.20. The stock has a market capitalization of C$522.32 million, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71.
About Wajax
(
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Wajax Corp is a Canadian distributor of industrial components. The company's core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes.
Further Reading
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