ONEX (OTCMKTS:ONEXF) Reaches New 12-Month High – What’s Next?

ONEX Corporation (OTCMKTS:ONEXF) shares reached a new 52-week high on Wednesday . The stock traded as high as $89.95 and last traded at $89.95, with a volume of 2453 shares trading hands. The stock had previously closed at $88.09.

Wall Street Analysts Forecast Growth

Separately, TD Securities reissued a “buy” rating on shares of ONEX in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

ONEX Trading Up 2.1%

The firm has a market capitalization of $6.34 billion, a PE ratio of 12.29 and a beta of 1.35. The business’s 50 day simple moving average is $83.74 and its 200 day simple moving average is $76.30.

ONEX (OTCMKTS:ONEXF) last issued its quarterly earnings data on Thursday, August 7th. The company reported $3.30 EPS for the quarter. ONEX had a net margin of 61.92% and a return on equity of 6.12%. The business had revenue of $325.00 million during the quarter.

ONEX Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.0718 dividend. This is a boost from ONEX’s previous dividend of $0.07. The ex-dividend date was Thursday, July 10th. This represents a dividend yield of 35.0%. ONEX’s dividend payout ratio (DPR) is 3.96%.

About ONEX

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.