Wajax (OTCMKTS:WJXFF) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Wajax Co. (OTCMKTS:WJXFF) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $24.41 and traded as high as $24.73. Wajax shares last traded at $24.70, with a volume of 23,084 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WJXFF. Scotiabank reiterated a “sector perform” rating on shares of Wajax in a report on Thursday, October 15th. Stifel Nicolaus set a $45.00 price target on Wajax in a research report on Monday, September 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.00.

Wajax Price Performance

The stock has a 50-day moving average of $24.41 and a 200 day moving average of $22.90.

About Wajax

Wajax Corporation is a Canadian industrial products and services company that supplies equipment, components and technical solutions to customers across a range of industrial sectors. Its offerings support applications involving power generation, material handling, mobile equipment, fluid handling, process systems and industrial machinery. The company distributes products such as engines, transmissions, generators, hydraulic and pneumatic components, bearings, power-transmission equipment, automation systems and other industrial parts.