Wajax (OTCMKTS:WJXFF) Shares Down 2.9% – Should You Sell?
by Amy Steele · The Cerbat GemWajax Co. (OTCMKTS:WJXFF – Get Free Report) dropped 2.9% during trading on Monday . The company traded as low as $21.0346 and last traded at $21.1030. Approximately 2,264 shares were traded during trading, an increase of 19% from the average daily volume of 1,900 shares. The stock had previously closed at $21.73.
Analyst Upgrades and Downgrades
Separately, Scotiabank reiterated a “sector perform” rating on shares of Wajax in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Stock Analysis on WJXFF
Wajax Stock Performance
The stock has a 50 day moving average price of $22.27 and a 200 day moving average price of $21.76.
About Wajax
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.