Onex (OTCMKTS:ONEXF) Hits New 12-Month Low – Should You Sell?

Shares of Onex Co. (OTCMKTS:ONEXF) reached a new 52-week low on Thursday . The stock traded as low as $60.72 and last traded at $62.38, with a volume of 30485 shares. The stock had previously closed at $66.92.

Onex Price Performance

The stock has a market cap of $4.48 billion, a PE ratio of 7.08 and a beta of 1.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.86 and a quick ratio of 2.86. The firm’s 50 day moving average price is $71.38 and its two-hundred day moving average price is $74.87.

Onex (OTCMKTS:ONEXF) last posted its earnings results on Friday, February 21st. The company reported ($0.02) earnings per share (EPS) for the quarter. Onex had a return on equity of 7.94% and a net margin of 68.14%. The company had revenue of $108.00 million for the quarter.

Onex Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be issued a $0.0704 dividend. This represents a yield of 0.41%. The ex-dividend date is Thursday, April 10th. Onex’s payout ratio is 6.78%.

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.