Wajax (OTCMKTS:WJXFF) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Wajax Co. (OTCMKTS:WJXFF)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $24.41 and traded as high as $24.73. Wajax shares last traded at $24.70, with a volume of 23,084 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WJXFF shares. Scotiabank restated a “sector perform” rating on shares of Wajax in a report on Thursday, October 15th. Stifel Nicolaus set a $45.00 price target on Wajax in a report on Monday, September 28th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.00.

Wajax Price Performance

The stock has a 50-day simple moving average of $24.41 and a 200-day simple moving average of $22.90.

About Wajax

Wajax Corporation is a Canadian industrial products and services company that supplies equipment, components and technical solutions to customers across a range of industrial sectors. Its offerings support applications involving power generation, material handling, mobile equipment, fluid handling, process systems and industrial machinery. The company distributes products such as engines, transmissions, generators, hydraulic and pneumatic components, bearings, power-transmission equipment, automation systems and other industrial parts.