ONEX (OTCMKTS:ONEXF) Sees Strong Trading Volume – Here’s Why

ONEX Corporation (OTCMKTS:ONEXF) saw an uptick in trading volume on Tuesday . 39,602 shares changed hands during trading, an increase of 214% from the previous session’s volume of 12,610 shares.The stock last traded at $75.3436 and had previously closed at $75.26.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of ONEX in a research note on Friday, October 31st. Scotiabank reaffirmed an “outperform” rating on shares of ONEX in a research report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

ONEX Stock Performance

The firm has a market capitalization of $5.17 billion, a P/E ratio of 8.49 and a beta of 1.22. The firm has a 50-day moving average of $81.68 and a 200-day moving average of $83.08.

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