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Onex (TSE:ONEX) Shares Cross Below 50-Day Moving Average - Here's What Happened

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Onex Co. (TSE:ONEX - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$110.67 and traded as low as C$97.87. Onex shares last traded at C$100.54, with a volume of 386,156 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities reduced their price objective on shares of Onex from C$140.00 to C$137.00 in a research note on Monday, February 24th.

Check Out Our Latest Analysis on Onex

Onex Stock Performance

The company has a quick ratio of 2.41, a current ratio of 17.51 and a debt-to-equity ratio of 49.85. The company has a market cap of C$5.07 billion, a PE ratio of 8.04, a P/E/G ratio of 1.47 and a beta of 1.53. The stock's 50 day simple moving average is C$110.13 and its two-hundred day simple moving average is C$104.61.

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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