Fairfax Financial (OTCMKTS:FRFHF) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1,765.70 and traded as low as $1,674.40. Fairfax Financial shares last traded at $1,712.50, with a volume of 5,278 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on FRFHF shares. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. BMO Capital Markets cut shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 21st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a research report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Fairfax Financial Stock Performance

The company has a fifty day moving average price of $1,758.98 and a two-hundred day moving average price of $1,730.24. The firm has a market cap of $37.49 billion, a price-to-earnings ratio of 8.01 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.78 and a quick ratio of 2.77.

Fairfax Financial (OTCMKTS:FRFHF) last issued its earnings results on Thursday, February 19th. The financial services provider reported $57.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $55.45 by $2.12. Fairfax Financial had a return on equity of 16.25% and a net margin of 15.10%.The business had revenue of $7.71 billion for the quarter, compared to analysts’ expectations of $7.62 billion. As a group, equities research analysts expect that Fairfax Financial Holdings Ltd. will post 166.85 EPS for the current year.

About Fairfax Financial

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.