Wajax (OTCMKTS:WJXFF) Stock Price Down 4.6% – Here’s Why

Wajax Co. (OTCMKTS:WJXFF) shares traded down 4.6% on Thursday . The stock traded as low as $20.1820 and last traded at $20.23. 1,667 shares were traded during mid-day trading, an increase of 14% from the average session volume of 1,460 shares. The stock had previously closed at $21.21.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reiterated a “sector perform” rating on shares of Wajax in a research note on Tuesday, April 28th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Wajax Price Performance

The firm’s 50 day moving average price is $22.91 and its two-hundred day moving average price is $21.46.

Wajax Company Profile

Wajax Inc, trading on the OTC Markets as WJXFF, is a Canadian distributor and service provider of industrial products, power systems and fluid power solutions. The company specializes in the sale, rental, repair and maintenance of equipment ranging from engines, pumps and compressors to welding and metal‐cutting systems, material handling equipment and precision tools. Its offerings also extend to aftermarket parts, technical support and customized system integration for customers across diverse sectors.

Founded in 1852 as the Hamilton Foundry & Steel Company, Wajax evolved through decades of growth and strategic acquisitions to become one of Canada’s leading industrial products distributors.