ONEX (OTCMKTS:ONEXF) Shares Gap Down – Here’s Why

ONEX Corporation (OTCMKTS:ONEXF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $81.3853, but opened at $77.00. ONEX shares last traded at $77.00, with a volume of 336 shares changing hands.

ONEX Price Performance

The stock has a market capitalization of $5.35 billion, a P/E ratio of 9.43 and a beta of 1.20. The business’s 50 day simple moving average is $77.70 and its two-hundred day simple moving average is $79.65. The company has a quick ratio of 30.17, a current ratio of 30.17 and a debt-to-equity ratio of 0.27.

ONEX (OTCMKTS:ONEXF) last released its quarterly earnings data on Friday, May 15th. The company reported $999.00 earnings per share for the quarter. ONEX had a net margin of 66.06% and a return on equity of 6.68%. The firm had revenue of $187.00 million for the quarter.

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.