Wajax (TSE:WJX) Stock Price Crosses Above 200 Day Moving Average of $30.77

Wajax Co. (TSE:WJX) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.77 and traded as high as C$34.66. Wajax shares last traded at C$34.24, with a volume of 20,283 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Securities increased their price objective on shares of Wajax from C$34.00 to C$37.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. BMO Capital Markets increased their price objective on shares of Wajax from C$34.00 to C$36.00 in a research report on Friday, April 19th. Finally, Scotiabank increased their price objective on shares of Wajax from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th.

Wajax Trading Down 0.1 %

The company has a quick ratio of 0.71, a current ratio of 2.16 and a debt-to-equity ratio of 100.93. The business’s 50 day moving average is C$32.88 and its 200-day moving average is C$30.77. The firm has a market cap of C$741.98 million, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.50 and a beta of 1.90.

Wajax (TSE:WJX) last released its quarterly earnings data on Monday, March 4th. The company reported C$0.83 EPS for the quarter. The firm had revenue of C$542.60 million during the quarter. Wajax had a net margin of 3.76% and a return on equity of 17.12%. As a group, analysts forecast that Wajax Co. will post 3.9178404 earnings per share for the current fiscal year.

Wajax Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 15th were issued a dividend of $0.35 per share. This is an increase from Wajax’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $1.40 annualized dividend and a dividend yield of 4.09%. Wajax’s payout ratio is 38.46%.

About Wajax

Wajax Corporation provides equipment, parts, and services to construction, forestry, mining, industrial and 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; marine, off and on highway engines, and transmissions; and feller bunchers, felling heads, flail debarkers, forwarders, grinders, harvesting heads, log loaders, mulchers, skidders, track and wheel harvesters, and woodchippers.