Onex (TSE:ONEX) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Onex Co. (TSE:ONEX)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$112.78 and traded as low as C$110.02. Onex shares last traded at C$110.49, with a volume of 76,615 shares traded.

Analyst Ratings Changes

Separately, TD Securities upgraded Onex from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$111.00 to C$140.00 in a research report on Monday, December 30th.

Onex Trading Down 0.5 %

The business has a 50 day simple moving average of C$112.78 and a 200-day simple moving average of C$100.90. The company has a current ratio of 3.62, a quick ratio of 2.41 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of C$8.42 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Onex Company Profile

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.