ONEX (OTCMKTS:ONEXF) Reaches New 52-Week High – Time to Buy?

ONEX Corporation (OTCMKTS:ONEXF)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $85.07 and last traded at $85.07, with a volume of 101 shares changing hands. The stock had previously closed at $83.24.

Wall Street Analyst Weigh In

Separately, TD Securities reaffirmed a “buy” rating on shares of ONEX in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

ONEX Price Performance

The firm has a market capitalization of $5.99 billion, a P/E ratio of 11.62 and a beta of 1.35. The company has a fifty day moving average of $81.78 and a 200 day moving average of $75.13.

ONEX (OTCMKTS:ONEXF) last announced its earnings results on Thursday, August 7th. The company reported $3.30 earnings per share (EPS) for the quarter. The company had revenue of $325.00 million for the quarter. ONEX had a return on equity of 6.14% and a net margin of 61.92%.

ONEX Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a dividend of $0.0718 per share. The ex-dividend date of this dividend was Thursday, July 10th. This is a positive change from ONEX’s previous dividend of $0.07. This represents a dividend yield of 35.0%. ONEX’s payout ratio is presently 3.96%.

ONEX Company Profile

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.