Fairfax Financial (OTCMKTS:FRFHF) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1,699.32 and traded as low as $1,650.00. Fairfax Financial shares last traded at $1,655.98, with a volume of 8,838 shares.

Analysts Set New Price Targets

FRFHF has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce initiated coverage on shares of Fairfax Financial in a report on Friday, June 26th. They issued a “neutral” rating for the company. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Fairfax Financial Price Performance

The stock has a market cap of $35.29 billion, a price-to-earnings ratio of 8.18 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.66 and a quick ratio of 3.66. The stock’s 50 day simple moving average is $1,623.98 and its two-hundred day simple moving average is $1,697.69.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $31.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $36.17 by ($5.06). Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. The business had revenue of $7.82 billion during the quarter, compared to analyst estimates of $8.62 billion. On average, analysts forecast that Fairfax Financial Holdings Ltd. will post 184.47 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.