Wajax (OTCMKTS:WJXFF) Trading 2.6% Higher – Still a Buy?

Wajax Co. (OTCMKTS:WJXFF)’s stock price shot up 2.6% during mid-day trading on Tuesday . The company traded as high as $22.04 and last traded at $22.04. 1,636 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 1,961 shares. The stock had previously closed at $21.4871.

Analyst Ratings Changes

Separately, Scotiabank reissued a “sector perform” rating on shares of Wajax in a research note on Tuesday, April 28th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Wajax currently has a consensus rating of “Hold”.

Wajax Trading Up 2.6%

The firm’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $21.92.

About Wajax

Wajax Inc, trading on the OTC Markets as WJXFF, is a Canadian distributor and service provider of industrial products, power systems and fluid power solutions. The company specializes in the sale, rental, repair and maintenance of equipment ranging from engines, pumps and compressors to welding and metal‐cutting systems, material handling equipment and precision tools. Its offerings also extend to aftermarket parts, technical support and customized system integration for customers across diverse sectors.

Founded in 1852 as the Hamilton Foundry & Steel Company, Wajax evolved through decades of growth and strategic acquisitions to become one of Canada’s leading industrial products distributors.