Wajax Co. (TSE:WJX - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$20.20 and traded as high as C$23.49. Wajax shares last traded at C$23.42, with a volume of 26,903 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on WJX shares. TD Securities cut Wajax from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets boosted their price objective on Wajax from C$20.00 to C$22.00 in a research note on Tuesday, May 6th. Scotiabank boosted their price objective on 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. Finally, National Bankshares cut their target price 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.
Get Our Latest Stock Analysis on WJX
Wajax Stock Performance
The stock has a market cap of C$493.04 million, a P/E ratio of 9.25, a PEG ratio of 0.50 and a beta of 1.80. The business has a 50 day moving average price of C$19.11 and a 200 day moving average price of C$20.21. The company has a quick ratio of 0.71, a current ratio of 2.10 and a debt-to-equity ratio of 116.61.
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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