Onex (TSE:ONEX) Share Price Crosses Below 50-Day Moving Average of $94.22

Onex Co. (TSE:ONEX) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$94.22 and traded as low as C$90.79. Onex shares last traded at C$92.07, with a volume of 58,332 shares traded.

Analysts Set New Price Targets

ONEX has been the subject of several research reports. TD Securities decreased their target price on Onex from C$115.00 to C$112.00 in a research note on Thursday, April 25th. Royal Bank of Canada raised their price objective on shares of Onex from C$121.00 to C$122.00 in a research report on Friday, August 9th.

Onex Stock Up 0.2 %

The stock has a fifty day moving average of C$94.22 and a 200-day moving average of C$97.70. The firm has a market capitalization of C$7.07 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 1.47 and a beta of 1.54. The company has a current ratio of 3.98, a quick ratio of 2.41 and a debt-to-equity ratio of 0.57.

About Onex

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, upper-middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.