Onex (OTCMKTS:ONEXF) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

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 changing hands.

Wall Street Analyst Weigh In

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

Onex Stock Performance

The company has a 50-day moving average price of $78.68 and a two-hundred day moving average price of $74.05. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.76 billion, a P/E ratio of 8.83 and a beta of 1.55.

Onex Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a $0.0721 dividend. This represents a dividend yield of 0.37%. The ex-dividend date 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.