Wajax (OTCMKTS:WJXFF) Trading Up 0.3% – Time to Buy?

Wajax Co. (OTCMKTS:WJXFF)’s stock price shot up 0.3% during trading on Friday . The stock traded as high as $20.43 and last traded at $20.43. 2,151 shares traded hands during trading, an increase of 83% from the average session volume of 1,176 shares. The stock had previously closed at $20.36.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WJXFF shares. Scotiabank reiterated a “sector perform” rating on shares of Wajax in a report on Wednesday, November 5th. National Bankshares reaffirmed a “sector perform” rating on shares of Wajax in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Wajax Price Performance

The company’s 50-day simple moving average is $20.03 and its 200-day simple moving average is $18.21.

About Wajax

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.