Wajax Co. (TSE:WJX - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.37 and traded as high as C$20.90. Wajax shares last traded at C$20.70, with a volume of 270,106 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on WJX shares. BMO Capital Markets boosted their price objective on shares of Wajax from C$20.00 to C$22.00 in a report on Tuesday, May 6th. TD Securities boosted their price objective on shares of Wajax from C$21.00 to C$24.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. National Bankshares decreased their price objective on shares of 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. Finally, Scotiabank boosted their price objective on shares of Wajax from C$22.00 to C$23.50 and gave the stock a "sector perform" rating in a report on Wednesday, May 7th.
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Wajax Price Performance
The firm has a market capitalization of C$487.36 million, a PE ratio of 9.14, a PEG 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. The firm has a 50-day simple moving average of C$17.71 and a 200-day simple moving average of C$20.29.
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.
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