Wajax (TSE:WJX) Sets New 52-Week Low - What's Next?

Wajax Co. (TSE:WJX - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as C$20.44 and last traded at C$20.51, with a volume of 318790 shares traded. The stock had previously closed at C$24.89.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WJX shares. Scotiabank set a C$29.00 price objective on shares of Wajax and gave the company a "sector perform" rating in a research report on Wednesday, August 21st. National Bank Financial raised Wajax to a "hold" rating in a research report on Thursday, September 26th. TD Securities cut their price objective on Wajax from C$34.00 to C$30.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. BMO Capital Markets decreased their target price on Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th. Finally, National Bankshares set a C$26.00 price target on Wajax and gave the company a "sector perform" rating in a report on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$28.75.

Wajax Trading Down 17.3 %

The firm's 50-day simple moving average is C$25.20 and its 200 day simple moving average is C$26.20. 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 firm has a market capitalization of C$447.42 million, a price-to-earnings ratio of 7.03, a P/E/G ratio of 0.50 and a beta of 1.80.

Wajax (TSE:WJX - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$1.06 earnings per share for the quarter. Wajax had a return on equity of 14.06% and a net margin of 3.32%. The business had revenue of C$568.30 million for the quarter. Equities analysts expect that Wajax Co. will post 3.4850136 earnings per share for the current year.

Wajax Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Monday, September 16th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.80%. The ex-dividend date was Monday, September 16th. Wajax's payout ratio is presently 44.73%.

About Wajax

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.

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