Wajax Co. (TSE:WJX - Get Free Report)'s stock price 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 traded.
Analysts Set New Price Targets
A number of brokerages have commented on WJX. National Bankshares decreased their price objective on shares of Wajax from C$22.00 to C$20.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 9th. Scotiabank raised their target price on shares of Wajax from C$22.00 to C$23.50 and gave the company a "sector perform" rating in a research note on Wednesday, May 7th. BMO Capital Markets raised their target price on shares of Wajax from C$20.00 to C$22.00 in a research note on Tuesday, May 6th. Finally, TD Securities lowered shares of Wajax from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 27th.
Get Our Latest Research Report on Wajax
Wajax Stock Down 1.6%
The firm's 50 day moving average is C$22.55 and its two-hundred day moving average is C$20.36. The firm has a market cap of C$504.62 million, a P/E ratio of 9.46, 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.
About Wajax
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Wajax, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wajax wasn't on the list.
While Wajax currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
