Wajax (OTCMKTS:WJXFF) Stock Price Down 2.6% – Here’s Why

Shares of Wajax Co. (OTCMKTS:WJXFF) traded down 2.6% during mid-day trading on Wednesday . The stock traded as low as $19.8025 and last traded at $19.8025. 8,012 shares traded hands during mid-day trading, an increase of 308% from the average session volume of 1,962 shares. The stock had previously closed at $20.34.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Scotiabank reaffirmed a “sector perform” rating on shares of Wajax in a research report on Wednesday, November 5th. National Bankshares reiterated a “sector perform” rating on shares of Wajax in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Wajax Price Performance

The business has a fifty day simple moving average of $19.39 and a two-hundred day simple moving average of $17.79.

Wajax Company Profile

Wajax Inc, trading on the OTC Markets as WJXFF, is a Canadian distributor and service provider of industrial products, power systems and fluid power solutions. The company specializes in the sale, rental, repair and maintenance of equipment ranging from engines, pumps and compressors to welding and metal‐cutting systems, material handling equipment and precision tools. Its offerings also extend to aftermarket parts, technical support and customized system integration for customers across diverse sectors.

Founded in 1852 as the Hamilton Foundry & Steel Company, Wajax evolved through decades of growth and strategic acquisitions to become one of Canada’s leading industrial products distributors.