Wajax (TSE:WJX) Reaches New 12-Month Low - Should You Sell?

Wajax Co. (TSE:WJX - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$19.44 and last traded at C$20.00, with a volume of 114782 shares trading hands. The stock had previously closed at C$20.80.

Wall Street Analyst Weigh In

WJX has been the subject of a number of analyst reports. TD Securities raised shares of Wajax to a "strong-buy" rating in a research note on Friday, January 17th. BMO Capital Markets lowered their price objective on Wajax from C$28.00 to C$24.00 in a research report on Wednesday, November 6th. Finally, Scotiabank cut their target price on Wajax from C$29.00 to C$24.00 in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Wajax has an average rating of "Hold" and a consensus price target of C$24.50.

Wajax Stock Up 2.0 %

The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 103.38. The stock's 50-day moving average price is C$21.68 and its 200-day moving average price is C$23.62. The company has a market cap of C$447.42 million, a P/E ratio of 6.58, a PEG ratio of 0.50 and a beta of 1.80.

Wajax (TSE:WJX - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported C$0.43 earnings per share for the quarter, missing analysts' consensus estimates of C$0.83 by C($0.40). Wajax had a return on equity of 14.06% and a net margin of 3.32%. During the same period last year, the company earned $0.93 EPS. As a group, research analysts forecast that Wajax Co. will post 3.4850136 EPS for the current year.

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.