Onex (OTCMKTS:ONEXF) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Onex Co. (OTCMKTS:ONEXF - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $74.83 and traded as low as $73.52. Onex shares last traded at $73.52, with a volume of 46,928 shares.

Analyst Upgrades and Downgrades

Separately, TD Securities raised shares of Onex from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 12th.

Onex Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.86 and a current ratio of 2.86. The business's fifty day simple moving average is $77.55 and its 200 day simple moving average is $75.00. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 8.25 and a beta of 1.55.

Onex (OTCMKTS:ONEXF - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $108.00 million for the quarter. Onex had a return on equity of 7.94% and a net margin of 68.14%.

Onex Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were issued a $0.0721 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a yield of 0.37%. Onex's dividend payout ratio is presently 6.78%.

Onex Company Profile

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.