Wajax (TSE:WJX) Share Price Crosses Above Two Hundred Day Moving Average of $26.65

Wajax Co. (TSE:WJX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$26.65 and traded as high as C$28.19. Wajax shares last traded at C$28.05, with a volume of 20,378 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on WJX shares. TD Securities lowered their target price on Wajax from C$37.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. BMO Capital Markets lifted their target price on Wajax from C$30.00 to C$31.00 in a report on Thursday, October 12th.

Wajax Trading Down 1.3 %

The company has a quick ratio of 0.71, a current ratio of 2.18 and a debt-to-equity ratio of 106.97. The stock has a market cap of C$602.79 million, a PE ratio of 7.19, a P/E/G ratio of 0.50 and a beta of 2.00. The firm has a 50-day simple moving average of C$28.94 and a 200-day simple moving average of C$26.65.

Wajax Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a $0.33 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.32 dividend on an annualized basis and a yield of 4.71%. Wajax’s dividend payout ratio is presently 33.85%.

About Wajax

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, forwarders, grinders, harvesting heads, log loaders, skidders, track and wheel harvesters, and woodchippers.