Fairfax Financial (OTCMKTS:FRFHF) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-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.

Wall Street Analysts Forecast Growth

FRFHF has been the topic of a number of research analyst reports. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research report on Friday, January 30th. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Finally, BMO Capital Markets lowered Fairfax Financial from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Fairfax Financial presently has a consensus rating of “Moderate Buy”.

Fairfax Financial Trading Down 0.5%

The company’s 50 day simple moving average is $1,765.70 and its 200 day simple moving average is $1,730.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.78 and a quick ratio of 2.77. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 8.01 and a beta of 0.59.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported $57.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share for the current fiscal year.

Fairfax Financial Company Profile

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.