ONEX (OTCMKTS:ONEXF) Shares Gap Down – What’s Next?

ONEX Corporation (OTCMKTS:ONEXF)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $75.6485, but opened at $73.34. ONEX shares last traded at $73.34, with a volume of 119 shares changing hands.

ONEX Stock Down 0.0%

The firm’s 50-day moving average price is $80.24 and its 200 day moving average price is $82.52. The company has a market capitalization of $5.11 billion, a P/E ratio of 8.39 and a beta of 1.24.

ONEX (OTCMKTS:ONEXF) last announced its quarterly earnings results on Friday, February 20th. The company reported $2.64 earnings per share for the quarter. The business had revenue of $234.00 million for the quarter. ONEX had a net margin of 68.63% and a return on equity of 7.21%.

About ONEX

Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.

Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.