ONEX (OTCMKTS:ONEXF) Shares Pass Below Fifty Day Moving Average of $65.35
Shares of ONEX Co. (OTCMKTS:ONEXF) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $65.35 and traded as low as $64.91. ONEX shares last traded at $64.99, with a volume of 528 shares trading hands.
Separately, ValuEngine raised shares of ONEX from a “sell” rating to a “hold” rating in a research note on Friday, February 7th.
The stock’s 50 day moving average price is $65.39 and its 200 day moving average price is $61.40. The firm has a market cap of $6.44 billion, a PE ratio of 1.52 and a beta of 0.73.
Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- 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.
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