Wajax (TSE:WJX) Reaches New 12-Month Low - Time to Sell?

Wajax Co. (TSE:WJX - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$20.32 and last traded at C$20.45, with a volume of 95683 shares traded. The stock had previously closed at C$20.75.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. BMO Capital Markets lowered their price objective on shares of Wajax from C$28.00 to C$24.00 in a research note on Wednesday, November 6th. National Bank Financial raised shares of Wajax to a "hold" rating in a research report on Thursday, September 26th. Scotiabank cut their price objective on Wajax from C$29.00 to C$24.00 in a research report on Wednesday, November 6th. National Bankshares set a C$26.00 price objective on Wajax and gave the company a "sector perform" rating in a research note on Friday, September 27th. Finally, TD Securities lowered their target price on Wajax from C$30.00 to C$24.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Wajax has an average rating of "Hold" and a consensus target price of C$24.50.

Wajax Stock Down 1.2 %

The business's 50 day moving average is C$23.13 and its 200-day moving average is C$24.64. The company has a debt-to-equity ratio of 103.38, a current ratio of 1.91 and a quick ratio of 0.71. The company has a market cap of C$445.47 million, a PE ratio of 6.55, a P/E/G ratio of 0.50 and a beta of 1.80.

Wajax Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.40 annualized dividend and a dividend yield of 6.83%. Wajax's dividend payout ratio (DPR) is currently 44.73%.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.