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Onex (TSE:ONEX) Stock Passes Below 50-Day Moving Average - Here's Why

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Onex Co. (TSE:ONEX - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$107.85 and traded as low as C$96.50. Onex shares last traded at C$96.88, with a volume of 144,515 shares.

Analyst Ratings Changes

Separately, TD Securities decreased their price target on Onex from C$140.00 to C$137.00 in a report on Monday, February 24th.

Check Out Our Latest Report on Onex

Onex Stock Performance

The stock has a market cap of C$4.84 billion, a PE ratio of 7.66, a PEG ratio of 1.47 and a beta of 1.53. The stock has a fifty day simple moving average of C$106.81 and a two-hundred day simple moving average of C$105.03. The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51.

Onex Company Profile

(Get Free Report)

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices.

Further Reading

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