Onex (OTCMKTS:ONEXF) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Onex Co. (OTCMKTS:ONEXFGet Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $69.00 and traded as high as $71.29. Onex shares last traded at $71.29, with a volume of 4,212 shares trading hands.

Onex Price Performance

The firm has a 50-day moving average of $69.31 and a 200 day moving average of $69.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.87 and a quick ratio of 2.87. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 7.38 and a beta of 1.55.

Onex (OTCMKTS:ONEXFGet Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $2.19 EPS for the quarter. Onex had a return on equity of 9.55% and a net margin of 70.42%. The firm had revenue of $245.00 million during the quarter.

Onex Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a $0.0736 dividend. This represents a dividend yield of 0.42%. This is a boost from Onex’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, October 10th. Onex’s dividend payout ratio (DPR) is presently 2.96%.

Onex Company Profile

(Get Free Report)

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.

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