ONEX (OTCMKTS:ONEXF) Shares Gap Down – Here’s What Happened

ONEX Corporation (OTCMKTS:ONEXF) gapped down prior to trading on Friday . The stock had previously closed at $86.82, but opened at $83.31. ONEX shares last traded at $83.63, with a volume of 2,302 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada started coverage on ONEX in a report on Wednesday, October 1st. They issued a “hold” rating for the company. TD Securities reissued a “buy” rating on shares of ONEX in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, ONEX has an average rating of “Moderate Buy”.

ONEX Price Performance

The business has a fifty day simple moving average of $85.67 and a 200 day simple moving average of $78.67. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 11.36 and a beta of 1.34.

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

ONEX Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 13th will be given a $0.0727 dividend. This represents a dividend yield of 32.0%. This is a boost from ONEX’s previous dividend of $0.07. The ex-dividend date is Friday, October 10th. ONEX’s dividend payout ratio (DPR) is currently 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.