Wajax Corporation (WJX:CA) Declines 16.83%

Wajax Corporation (WJX:CA) Declines 16.83%

It was a tough day for Wajax Corporation (WJX:CA) as its stock fell 16.83% to finish the day at $16.26 a share. That reduces the company’s market cap to 327.35 million on 20.13 million outstanding shares. Wajax Corporation is a component of the the S&P/TSX SmallCap Index.

224,001 shares exchanged hands over the course of the day as compared with an average daily volume of n/a over the last 30 days.

Wajax Corp is a Canadian distributor of industrial components. Its core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry and material handling for other industrial purposes. Wajax Corp sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.. Wajax Corporation makes its home in Mississauga, ON, and currently has CEO A. Mark Foote at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $28.17 and a low of $15.43, and it’s currently sporting a 50-day SMA of $n/a and a 200-day SMA of $n/a. The current P/E ratio stands at n/a, with a P/B ratio of 1.04.

Wajax Corporation ($WJX:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

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