Wajax (TSE:WJX) Hits New 12-Month Low at $24.76

Wajax Co. (TSE:WJX)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$24.76 and last traded at C$25.15, with a volume of 20171 shares. The stock had previously closed at C$25.39.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WJX. BMO Capital Markets reduced their price objective on shares of Wajax from C$32.00 to C$30.00 in a report on Wednesday, July 24th. TD Securities decreased their price objective on shares of Wajax from C$37.00 to C$34.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Finally, Scotiabank lowered their price objective on shares of Wajax from C$37.00 to C$35.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd.

Wajax Stock Down 1.3 %

The company has a market capitalization of C$544.02 million, a PE ratio of 7.23, a PEG ratio of 0.50 and a beta of 1.81. The company has a current ratio of 1.91, a quick ratio of 0.71 and a debt-to-equity ratio of 107.15. The business has a fifty day moving average of C$25.93 and a 200 day moving average of C$29.49.

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.