Wajax (TSE:WJX) Hits New 1-Year High at $24.61

Wajax Co. (TSE:WJX – Get Rating) shares hit a new 52-week high on Wednesday . The company traded as high as C$24.61 and last traded at C$24.56, with a volume of 6946 shares changing hands. The stock had previously closed at C$24.30.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WJX. BMO Capital Markets reduced their price objective on shares of Wajax from C$25.00 to C$23.00 in a report on Wednesday, November 9th. Scotiabank raised their price objective on shares of Wajax from C$23.50 to C$25.00 in a report on Wednesday, November 9th.

Wajax Price Performance

The company has a debt-to-equity ratio of 70.43, a quick ratio of 0.71 and a current ratio of 1.73. The stock’s 50-day moving average is C$21.86 and its 200 day moving average is C$20.52. The stock has a market capitalization of C$512.96 million, a PE ratio of 8.35, a P/E/G ratio of 0.50 and a beta of 2.07.

About Wajax

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Wajax Corporation provides sales, parts, and services to construction, forestry, mining, industrial/commercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. The company offers compact excavators, dump trucks, excavators, wheel loaders, and wheeled excavators; aerial devices, boom lifts, cranes, digger derricks, drills, lifts, and material and scissor lifts; engines and transmissions; and feller bunchers, felling heads, flail debarkers, forestry processors, forwarders, grinders, log loaders, skidders, track and wheel harvesters, and wood chippers.