ONEX Corporation (OTCMKTS:ONEXF – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $77.63 and traded as low as $77.3465. ONEX shares last traded at $77.58, with a volume of 1,708 shares traded.
Analyst Upgrades and Downgrades
ONEXF has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ONEX in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce raised shares of ONEX from a “hold” rating to an “outperform” rating in a research note on Thursday, October 22nd. Finally, BMO Capital Markets started coverage on shares of ONEX in a report on Thursday, October 1st. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ONEX presently has a consensus rating of “Moderate Buy”.
ONEX Price Performance
The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 11.61 and a beta of 1.25. The business has a 50 day simple moving average of $75.74 and a 200-day simple moving average of $77.63.
ONEX (OTCMKTS:ONEXF – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $1.71 earnings per share for the quarter. ONEX had a return on equity of 5.24% and a net margin of 63.83%. The business had revenue of $202.00 million for the quarter.
About ONEX
Onex Corporation is a Canadian alternative asset manager focused on private equity and credit. The company manages investment strategies for institutional investors and other clients, and invests its own capital alongside them. Through its private equity business, Onex acquires and builds companies, while its credit platform provides financing and invests across a range of credit markets. Its investment activities span North America and Europe, with portfolio companies operating in multiple industries.
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