Wajax Co. (TSE:WJX - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$20.69 and traded as high as C$22.33. Wajax shares last traded at C$22.00, with a volume of 55,260 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on WJX shares. TD Securities increased their target price on Wajax from C$24.00 to C$25.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Scotiabank increased their price objective on 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. Finally, BMO Capital Markets increased their price objective on Wajax from C$22.00 to C$25.00 in a research note on Tuesday, July 22nd.
Get Our Latest Stock Analysis on Wajax
Wajax Trading Up 0.3%
The company has a 50 day moving average of C$23.08 and a 200 day moving average of C$20.73. The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. The stock has a market capitalization of C$500.69 million, a price-to-earnings ratio of 9.39, a P/E/G ratio of 0.50 and a beta of 1.80.
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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