ONEX (OTCMKTS:ONEXF) Shares Cross Below 200-Day Moving Average – Should You Sell?

ONEX Corporation (OTCMKTS:ONEXF) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $82.16 and traded as low as $80.29. ONEX shares last traded at $80.77, with a volume of 7,555 shares changing hands.

Analysts Set New Price Targets

ONEXF has been the topic of a number of analyst reports. TD Securities reiterated a “buy” rating on shares of ONEX in a research report on Friday, October 31st. Scotiabank reissued an “outperform” rating on shares of ONEX in a report on Friday, October 31st. Finally, Royal Bank Of Canada started coverage on ONEX in a report on Wednesday, October 1st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ONEX Stock Up 0.8%

The stock’s 50-day moving average price is $83.01 and its 200-day moving average price is $82.16. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 13.01 and a beta of 1.25.

ONEX (OTCMKTS:ONEXF) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.57 earnings per share for the quarter. The firm had revenue of $129.00 million during the quarter. ONEX had a net margin of 56.15% and a return on equity of 5.11%.

ONEX Increases Dividend

The company also recently declared a dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 13th were issued a $0.0727 dividend. This is a positive change from ONEX’s previous dividend of $0.07. This represents a yield of 32.0%. The ex-dividend date was Friday, October 10th. ONEX’s dividend payout ratio (DPR) is 4.67%.

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.