ONEX (OTCMKTS:ONEXF) Share Price Passes Below 50-Day Moving Average – Here’s Why

Shares of ONEX Corporation (OTCMKTS:ONEXF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $78.70 and traded as low as $75.27. ONEX shares last traded at $75.96, with a volume of 43,232 shares trading hands.

ONEX Price Performance

The firm’s 50 day moving average price is $78.70 and its 200 day moving average price is $78.81. The stock has a market capitalization of $5.79 billion, a P/E ratio of 9.19 and a beta of 1.19.

ONEX (OTCMKTS:ONEXF) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.76 earnings per share for the quarter. ONEX had a return on equity of 6.51% and a net margin of 66.06%.The firm had revenue of $187.00 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.