Wajax (OTCMKTS:WJXFF) Trading Down 2.6% – Should You Sell?
by Mitch Edgeman · The Markets DailyShares of Wajax Co. (OTCMKTS:WJXFF – Get Free Report) were down 2.6% on Wednesday . The stock traded as low as $19.8025 and last traded at $19.8025. Approximately 8,012 shares traded hands during mid-day trading, an increase of 308% from the average daily volume of 1,962 shares. The stock had previously closed at $20.34.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. National Bankshares reiterated a “sector perform” rating on shares of Wajax in a report on Tuesday, November 4th. Scotiabank restated a “sector perform” rating on shares of Wajax in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Wajax presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Wajax
Wajax Trading Down 2.6%
The business has a 50-day moving average of $19.34 and a 200 day moving average of $17.78.
Wajax Company Profile
Wajax Inc, trading on the OTC Markets as WJXFF, is a Canadian distributor and service provider of industrial products, power systems and fluid power solutions. The company specializes in the sale, rental, repair and maintenance of equipment ranging from engines, pumps and compressors to welding and metal‐cutting systems, material handling equipment and precision tools. Its offerings also extend to aftermarket parts, technical support and customized system integration for customers across diverse sectors.
Founded in 1852 as the Hamilton Foundry & Steel Company, Wajax evolved through decades of growth and strategic acquisitions to become one of Canada’s leading industrial products distributors.