Wajax (OTCMKTS:WJXFF) Trading 1.9% Higher – Here’s What Happened

Wajax Co. (OTCMKTS:WJXFF) shares shot up 1.9% on Friday . The company traded as high as $21.5450 and last traded at $21.5450. 159 shares were traded during mid-day trading, a decline of 92% from the average session volume of 2,106 shares. The stock had previously closed at $21.14.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on WJXFF shares. National Bank Financial reissued a “sector perform” rating on shares of Wajax in a research report on Tuesday, November 4th. Scotiabank reissued a “sector perform” rating on shares of Wajax in a research report on Thursday, January 29th. 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 Stock Performance

The company has a 50 day simple moving average of $20.58 and a 200-day simple moving average of $18.64.

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.