Wajax (OTCMKTS:WJXFF) Trading Down 2.6% – Should You Sell?

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 were traded during trading, an increase of 308% from the average session volume of 1,962 shares. The stock had previously closed at $20.34.

Analysts Set New Price Targets

Several research analysts have weighed in on WJXFF shares. Scotiabank reiterated a “sector perform” rating on shares of Wajax in a research report on Wednesday, November 5th. National Bankshares restated a “sector perform” rating on shares of Wajax in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Wajax Trading Down 2.6%

The firm’s fifty day simple moving average is $19.34 and its two-hundred day simple moving average is $17.78.

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.