Wajax (TSE:WJX) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Wajax Co. (TSE:WJX) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$21.87 and traded as high as C$23.99. Wajax shares last traded at C$23.84, with a volume of 11,187 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Wajax from C$22.00 to C$25.00 in a report on Tuesday, July 22nd. TD Securities boosted their target price on shares of Wajax from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Monday, August 11th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$23.38.

Wajax Stock Up 0.8%

The company has a debt-to-equity ratio of 116.61, a quick ratio of 0.71 and a current ratio of 2.10. The company has a market cap of C$518.42 million, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 0.50 and a beta of 0.67. The stock’s fifty day moving average is C$23.62 and its two-hundred day moving average is C$21.87.

About Wajax

Wajax Corp is a Canadian distributor of industrial components. The company’s core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes.