ONEX (OTCMKTS:ONEXF) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

ONEX Corporation (OTCMKTS:ONEXF)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $78.17 and traded as low as $76.3750. ONEX shares last traded at $76.7420, with a volume of 8,911 shares changing hands.

ONEX Stock Performance

The company has a market cap of $5.27 billion, a PE ratio of 9.28 and a beta of 1.20. The company has a current ratio of 30.17, a quick ratio of 30.17 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $78.17 and a 200-day moving average of $79.29.

ONEX (OTCMKTS:ONEXF) last announced its quarterly earnings results on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter. ONEX had a return on equity of 6.68% and a net margin of 66.06%.The company had revenue of $187.00 million for the quarter.

ONEX Company Profile

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.