Fairfax Financial (OTCMKTS:FRFHF) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1,395.49 and traded as high as $1,438.28. Fairfax Financial shares last traded at $1,438.28, with a volume of 5,513 shares.

Analyst Ratings Changes

A number of equities analysts have commented on FRFHF shares. Royal Bank of Canada boosted their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. National Bankshares reaffirmed an “outperform” rating on shares of Fairfax Financial in a research note on Monday, February 3rd.

Fairfax Financial Price Performance

The company has a 50-day moving average price of $1,395.49 and a 200-day moving average price of $1,321.45. The company has a market capitalization of $32.89 billion, a price-to-earnings ratio of 8.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, topping the consensus estimate of $43.72 by $6.70. Fairfax Financial had a net margin of 12.47% and a return on equity of 14.43%. The business had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.51 billion. On average, equities research analysts expect that Fairfax Financial Holdings Limited will post 166.85 EPS for the current fiscal year.

Fairfax Financial Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were paid a dividend of $15.00 per share. This represents a yield of 1.09%. The ex-dividend date was Thursday, January 16th. Fairfax Financial’s payout ratio is presently 9.31%.

About Fairfax Financial

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.