Fairfax Financial (OTCMKTS:FRFHF) Shares Cross Above 50 Day Moving Average – Should You Sell?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1,467.65 and traded as high as $1,616.30. Fairfax Financial shares last traded at $1,609.96, with a volume of 3,438 shares traded.

Analyst Ratings Changes

FRFHF has been the topic of several research analyst reports. National Bankshares reissued an “outperform” rating on shares of Fairfax Financial in a report on Wednesday, April 30th. BMO Capital Markets reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Monday, May 5th. Finally, Raymond James raised Fairfax Financial to a “moderate buy” rating in a research report on Thursday, April 10th.

Fairfax Financial Stock Performance

The business has a 50-day simple moving average of $1,467.65 and a 200 day simple moving average of $1,415.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.65 and a quick ratio of 2.45. The firm has a market cap of $36.52 billion, a PE ratio of 10.00 and a beta of 0.76.

Fairfax Financial (OTCMKTS:FRFHF) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $42.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $31.92 by $10.78. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. The company had revenue of $8.47 billion during the quarter, compared to the consensus estimate of $7.76 billion. Equities research analysts forecast that Fairfax Financial Holdings Limited will post 166.85 EPS for the current year.

Fairfax Financial Company Profile

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.