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

Onex Co. (TSE:ONEX) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$112.42 and traded as low as C$108.88. Onex shares last traded at C$110.18, with a volume of 98,092 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities raised shares of Onex from a “hold” rating to a “buy” rating and upped their price objective for the company from C$111.00 to C$140.00 in a research note on Monday, December 30th.

Onex Stock Performance

The firm has a market cap of C$5.52 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 1.47 and a beta of 1.53. The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85. The company has a 50 day moving average of C$112.31 and a 200 day moving average of C$103.27.

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.