Fairfax Financial (OTCMKTS:FRFHF) Stock Price Passes Below 50 Day Moving Average of $518.90

Fairfax Financial Holdings Limited (OTCMKTS:FRFHFGet Rating)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $518.90 and traded as low as $497.77. Fairfax Financial shares last traded at $501.58, with a volume of 1,971 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FRFHF. Scotiabank upped their target price on shares of Fairfax Financial from C$845.00 to C$860.00 in a research report on Tuesday, August 2nd. National Bank Financial upped their price target on shares of Fairfax Financial from C$1,050.00 to C$1,100.00 in a research report on Tuesday, August 2nd.

Fairfax Financial Trading Up 0.9 %

The firm’s 50-day simple moving average is $518.90 and its 200-day simple moving average is $518.12. The company has a quick ratio of 6.21, a current ratio of 6.21 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $12.47 billion, a PE ratio of 29.54 and a beta of 0.83.

Fairfax Financial (OTCMKTS:FRFHFGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The financial services provider reported ($37.59) earnings per share (EPS) for the quarter. The business had revenue of $5.50 billion for the quarter. Fairfax Financial had a net margin of 2.54% and a return on equity of 3.32%.

Fairfax Financial Company Profile

(Get Rating)

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 Insurance and Reinsurance, Run-off, and Non-Insurance Companies segments.

Further Reading

Receive News & Ratings for Fairfax Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairfax Financial and related companies with MarketBeat.com's FREE daily email newsletter.