Shares of Onex Co. (TSE:ONEX - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$113.06 and traded as low as C$110.85. Onex shares last traded at C$112.23, with a volume of 60,354 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, TD Securities upgraded shares of Onex from a "hold" rating to a "buy" rating and raised their price target for the company from C$111.00 to C$140.00 in a research note on Monday, December 30th.
Read Our Latest Analysis on Onex
Onex Stock Performance
The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.41 and a current ratio of 3.62. The stock has a fifty day simple moving average of C$113.06 and a two-hundred day simple moving average of C$102.05. The stock has a market capitalization of C$8.55 billion, a price-to-earnings ratio of 8.00, a P/E/G ratio of 1.47 and a beta of 1.53.
About Onex
(
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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.
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