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

Onex logo with Financial Services background

Shares of Onex Co. (TSE:ONEX - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$104.36 and traded as low as C$94.57. Onex shares last traded at C$95.63, with a volume of 266,002 shares changing hands.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on ONEX

Onex Stock Performance

The stock has a market capitalization of C$4.58 billion, a PE ratio of 7.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. 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 stock has a fifty day moving average of C$103.50 and a 200-day moving average of C$105.48.

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.

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