Wajax (TSE:WJX) Stock Price Passes Above Two Hundred Day Moving Average of $24.63

Wajax Co. (TSE:WJX) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$24.63 and traded as high as C$28.07. Wajax shares last traded at C$27.87, with a volume of 16,647 shares.

Analyst Upgrades and Downgrades

WJX has been the topic of several research reports. Scotiabank increased their target price on Wajax from C$29.00 to C$30.00 in a research report on Wednesday, May 3rd. TD Securities increased their target price on Wajax from C$31.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, BMO Capital Markets raised their price objective on Wajax from C$29.00 to C$30.00 in a research report on Monday, August 14th.

Wajax Stock Up 0.7 %

The firm has a 50-day simple moving average of C$26.67 and a 200 day simple moving average of C$24.66. The company has a debt-to-equity ratio of 88.11, a current ratio of 1.86 and a quick ratio of 0.71. The company has a market capitalization of C$603.01 million, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.50 and a beta of 2.05.

Wajax Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.70%. The ex-dividend date is Thursday, September 14th. Wajax’s dividend payout ratio (DPR) is presently 36.16%.

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.