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

ONEX Corporation (OTCMKTS:ONEXF) shares gapped down prior to trading on Monday . The stock had previously closed at $85.88, but opened at $80.2270. ONEX shares last traded at $80.2270, with a volume of 116 shares trading hands.

Wall Street Analysts Forecast Growth

ONEXF has been the topic of a number of recent analyst reports. Royal Bank Of Canada initiated coverage on ONEX in a research note on Wednesday, October 1st. They issued a “hold” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of ONEX in a research report on Friday, October 31st. Finally, TD Securities reissued a “buy” rating on shares of ONEX in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ONEX Stock Performance

The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 12.92 and a beta of 1.33. The business’s 50-day simple moving average is $86.69 and its 200-day simple moving average is $81.58.

ONEX (OTCMKTS:ONEXF) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.57 earnings per share for the quarter. ONEX had a net margin of 56.15% and a return on equity of 5.11%. The business had revenue of $129.00 million during the quarter.

ONEX Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 13th were issued a $0.0727 dividend. This is a boost from ONEX’s previous dividend of $0.07. This represents a yield of 32.0%. The ex-dividend date was Friday, October 10th. ONEX’s dividend payout ratio 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.