Shares of Wajax Co. (TSE:WJX - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.36 and traded as high as C$23.66. Wajax shares last traded at C$23.09, with a volume of 16,858 shares changing hands.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Wajax from C$20.00 to C$22.00 in a report on Tuesday, May 6th. Scotiabank lifted their target price on Wajax from C$22.00 to C$23.50 and gave the company a "sector perform" rating in a report on Wednesday, May 7th. TD Securities lowered Wajax from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. Finally, National Bankshares reduced their target price on Wajax from C$22.00 to C$20.00 and set a "sector perform" rating for the company in a report on Wednesday, April 9th.
Get Our Latest Research Report on WJX
Wajax Stock Down 1.1%
The company has a debt-to-equity ratio of 116.61, a current ratio of 2.10 and a quick ratio of 0.71. The company has a market cap of C$503.97 million, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company has a fifty day moving average price of C$22.76 and a 200 day moving average price of C$20.39.
Wajax Company Profile
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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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