Wajax (TSE:WJX) Stock Passes Above 50-Day Moving Average of $15.58

Wajax Corp (TSE:WJX) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.58 and traded as high as $15.34. Wajax shares last traded at $15.21, with a volume of 8,209 shares traded.

WJX has been the topic of several analyst reports. BMO Capital Markets reiterated a “market perform” rating and issued a C$17.00 target price on shares of Wajax in a report on Thursday, June 20th. Raymond James increased their target price on shares of Wajax from C$17.00 to C$17.50 and gave the stock a “market perform” rating in a report on Wednesday, May 8th. TD Securities cut their target price on shares of Wajax from C$23.00 to C$21.00 in a report on Monday, March 25th. Finally, Royal Bank of Canada cut their target price on shares of Wajax from C$27.00 to C$24.00 and set an “average” rating on the stock in a report on Monday, March 25th.

The company has a quick ratio of 0.89, a current ratio of 2.31 and a debt-to-equity ratio of 123.81. The company has a fifty day simple moving average of C$15.54. The company has a market cap of $314.46 million and a price-to-earnings ratio of 9.20.

Wajax (TSE:WJX) last issued its quarterly earnings data on Monday, May 6th. The company reported C$0.43 EPS for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.05). The company had revenue of C$374.55 million for the quarter. As a group, equities research analysts predict that Wajax Corp will post 2.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.36%. Wajax’s payout ratio is 58.48%.

Wajax Company Profile (TSE:WJX)

Wajax Corporation, an integrated distribution company, provides sales, parts, and services to transportation, forestry, industrial and commercial, construction, oil sands, mining, metal processing, government, utilities, and oil and gas sectors. The company provides construction, material-handling, crane and utility, forestry, and mining and oil sands equipment.

Read More: What is a trade deficit?

Receive News & Ratings for Wajax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wajax and related companies with MarketBeat.com's FREE daily email newsletter.