Onex (OTCMKTS:ONEXF) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Onex Co. (OTCMKTS:ONEXF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $74.05 and traded as high as $78.00. Onex shares last traded at $77.75, with a volume of 17,625 shares traded.

Analysts Set New Price Targets

Separately, TD Securities raised shares of Onex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

Onex Stock Performance

The stock’s 50-day moving average price is $78.59 and its 200-day moving average price is $74.15. The company has a market cap of $5.76 billion, a P/E ratio of 8.94 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.86.

Onex Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a $0.0721 dividend. This represents a yield of 0.37%. The ex-dividend date of this dividend was Friday, January 10th. Onex’s dividend payout ratio (DPR) is presently 3.18%.

About Onex

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.