Fairfax Financial (OTCMKTS:FRFHF) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1,388.75 and traded as low as $1,388.21. Fairfax Financial shares last traded at $1,404.11, with a volume of 2,491 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, November 4th.

Fairfax Financial Price Performance

The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $1,388.75 and its 200 day simple moving average is $1,297.13. The company has a market capitalization of $32.14 billion, a P/E ratio of 8.59 and a beta of 0.80.

Fairfax Financial Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were paid a $15.00 dividend. This represents a dividend yield of 1.09%. The ex-dividend date was Thursday, January 16th. Fairfax Financial’s payout ratio is 9.17%.

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.