Onex (TSE:ONEX) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Onex Co. (TSE:ONEX) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$104.36 and traded as low as C$94.57. Onex shares last traded at C$95.63, with a volume of 266,002 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities dropped their target price on shares of Onex from C$140.00 to C$137.00 in a research note on Monday, February 24th.

Onex Stock Performance

The stock’s 50 day moving average is C$103.93 and its two-hundred day moving average is C$105.35. The firm has a market capitalization of C$4.62 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 49.85, a current ratio of 17.51 and a quick ratio of 2.41.

Onex Company Profile

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices.