Wajax (OTCMKTS:WJXFF) Trading Up 3.3% – Still a Buy?

Wajax Co. (OTCMKTS:WJXFF) shot up 3.3% on Tuesday . The company traded as high as $20.1320 and last traded at $20.00. 1,700 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 1,947 shares. The stock had previously closed at $19.3623.

Wall Street Analysts Forecast Growth

WJXFF has been the subject of several research analyst reports. National Bankshares reissued a “sector perform” rating on shares of Wajax in a report on Tuesday, November 4th. TD Securities reiterated a “hold” rating on shares of Wajax in a research report on Monday, August 11th. Finally, Scotiabank reissued a “sector perform” rating on shares of Wajax in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, Wajax currently has an average rating of “Hold”.

Wajax Stock Up 3.3%

The company’s 50 day moving average price is $18.21 and its 200 day moving average price is $17.37.

Wajax Company Profile

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.