ONEX (OTCMKTS:ONEXF) Shares Gap Down – Here’s What Happened

Shares of ONEX Corporation (OTCMKTS:ONEXF) gapped down prior to trading on Monday . The stock had previously closed at $84.35, but opened at $81.50. ONEX shares last traded at $83.29, with a volume of 525 shares.

Analyst Upgrades and Downgrades

ONEXF has been the topic of several research reports. Scotiabank restated an “outperform” rating on shares of ONEX in a report on Friday, October 31st. Royal Bank Of Canada initiated coverage on ONEX in a report on Wednesday, October 1st. They set a “hold” rating on the stock. Finally, TD Securities restated a “buy” rating on shares of ONEX in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ONEX Stock Down 1.1%

The company has a fifty day simple moving average of $80.92 and a 200-day simple moving average of $83.33. The firm has a market cap of $5.73 billion, a P/E ratio of 13.44 and a beta of 1.23.

ONEX (OTCMKTS:ONEXF) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.57 earnings per share for the quarter. The firm had revenue of $129.00 million for the quarter. ONEX had a return on equity of 5.09% and a net margin of 56.15%.

About ONEX

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.