Onex (TSE:ONEX) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Onex Co. (TSE:ONEX) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$104.36 and traded as low as C$94.57. Onex shares last traded at C$95.63, with a volume of 266,002 shares.

Wall Street Analyst Weigh In

Separately, TD Securities lowered their price target on Onex from C$140.00 to C$137.00 in a report on Monday, February 24th.

Onex Stock Performance

The stock has a market cap of C$4.62 billion, a P/E ratio of 7.32, a PEG ratio of 1.47 and a beta of 1.53. The stock has a fifty day simple moving average of C$103.93 and a 200-day simple moving average of C$105.35. The company has a debt-to-equity ratio of 49.85, a quick ratio of 2.41 and a current ratio of 17.51.

About Onex

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices.