Onex (OTCMKTS:ONEXF) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Onex Co. (OTCMKTS:ONEXF - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $74.05 and traded as high as $78.00. Onex shares last traded at $77.75, with a volume of 17,625 shares changing hands.

Analyst Upgrades and Downgrades

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

Onex Trading Up 2.1 %

The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 8.83 and a beta of 1.55. The firm's 50 day moving average is $78.51 and its two-hundred day moving average is $74.26. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.01.

Onex Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a dividend of $0.0721 per share. The ex-dividend date was Friday, January 10th. This represents a yield of 0.37%. Onex's dividend payout ratio (DPR) is 3.18%.

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.