ONEX (OTCMKTS:ONEXF) Shares Gap Down – Time to Sell?

ONEX Corporation (OTCMKTS:ONEXF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $85.07, but opened at $79.34. ONEX shares last traded at $78.70, with a volume of 200 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Securities reiterated a “buy” rating on shares of ONEX in a research report on Friday, October 31st. Scotiabank restated an “outperform” rating on shares of ONEX in a research note on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

ONEX Price Performance

The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 12.68 and a beta of 1.22. The firm’s fifty day moving average is $82.48 and its two-hundred day moving average is $83.55.

ONEX (OTCMKTS:ONEXF) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.57 earnings per share for the quarter. The company had revenue of $129.00 million during the quarter. ONEX had a net margin of 56.15% and a return on equity of 5.09%.

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.