Onex (TSE:ONEX) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Onex Co. (TSE:ONEX) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$110.67 and traded as low as C$97.87. Onex shares last traded at C$100.54, with a volume of 386,156 shares.

Analysts Set New Price Targets

Separately, TD Securities lowered their price objective on Onex from C$140.00 to C$137.00 in a research report on Monday, February 24th.

Onex Trading Down 2.8 %

The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51. The firm has a market capitalization of C$5.04 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.47 and a beta of 1.53. The company has a 50-day moving average price of C$110.67 and a 200-day moving average price of C$104.33.

About Onex

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, upper-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.