ONEX (OTCMKTS:ONEXF) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

ONEX Corporation (OTCMKTS:ONEXFGet Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $77.97 and traded as low as $76.25. ONEX shares last traded at $76.87, with a volume of 268 shares traded.

ONEX Trading Up 0.9%

The company’s 50-day simple moving average is $76.98 and its 200-day simple moving average is $77.92. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 9.79 and a beta of 1.18.

ONEX (OTCMKTS:ONEXFGet Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.76 EPS for the quarter. ONEX had a net margin of 66.06% and a return on equity of 6.51%. The company had revenue of $187.00 million for the quarter.

About ONEX

(Get Free Report)

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.

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