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

ONEX Corporation (OTCMKTS:ONEXF)’s share price gapped down prior to trading on Monday . The stock had previously closed at $84.35, but opened at $81.50. ONEX shares last traded at $83.29, with a volume of 525 shares.

Wall Street Analysts Forecast Growth

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

ONEX Price Performance

The stock has a market capitalization of $5.73 billion, a PE ratio of 13.44 and a beta of 1.23. The firm has a fifty day moving average price of $80.92 and a two-hundred day moving average price of $83.33.

ONEX (OTCMKTS:ONEXF) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.57 EPS for the quarter. ONEX had a return on equity of 5.09% and a net margin of 56.15%.The company had revenue of $129.00 million for the quarter.

ONEX Company Profile

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.