Wajax (OTCMKTS:WJXFF) Shares Down 2.9% – Should You Sell?

Wajax Co. (OTCMKTS:WJXFF) fell 2.9% during mid-day trading on Monday . The stock traded as low as $21.0346 and last traded at $21.1030. 2,264 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 1,900 shares. The stock had previously closed at $21.73.

Analysts Set New Price Targets

Separately, Scotiabank reissued 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 stock presently has a consensus rating of “Hold”.

Wajax Stock Performance

The stock’s fifty day simple moving average is $22.27 and its 200-day simple moving average is $21.76.

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.