Wajax Co. (TSE:WJX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.
Analyst Upgrades and Downgrades
WJX has been the subject of a number of recent research reports. TD Securities lowered shares of Wajax from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 27th. National Bankshares reduced their price objective on 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. BMO Capital Markets boosted their target price on Wajax from C$20.00 to C$22.00 in a research note on Tuesday, May 6th. Finally, Scotiabank increased 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.
View Our Latest Research Report on Wajax
Wajax Stock Up 1.0%
The company has a market capitalization of C$509.65 million, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.50 and a beta of 1.80. The company has a current ratio of 2.10, a quick ratio of 0.71 and a debt-to-equity ratio of 116.61. The stock's fifty day moving average is C$22.55 and its 200 day moving average is C$20.36.
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.
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