ONEX (OTCMKTS:ONEXF) Shares Gap Up – Time to Buy?

ONEX Corporation (OTCMKTS:ONEXFGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $73.42, but opened at $76.5750. ONEX shares last traded at $76.5950, with a volume of 332 shares.

ONEX Price Performance

The firm has a 50-day simple moving average of $80.92 and a 200-day simple moving average of $82.77. The firm has a market capitalization of $5.31 billion, a PE ratio of 8.73 and a beta of 1.24.

ONEX (OTCMKTS:ONEXFGet Free Report) last released its quarterly earnings results on Friday, February 20th. The company reported $2.64 EPS for the quarter. The firm had revenue of $234.00 million during the quarter. ONEX had a net margin of 68.63% and a return on equity of 7.21%.

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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