Fairfax Financial (OTCMKTS:FRFHF) Stock Price Crosses Above 50-Day Moving Average of $1,088.40

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1,088.40 and traded as high as $1,119.11. Fairfax Financial shares last traded at $1,112.57, with a volume of 2,542 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lifted their price objective on shares of Fairfax Financial from $1,085.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th.

Fairfax Financial Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $1,088.40 and its 200 day moving average is $979.74. The stock has a market capitalization of $26.76 billion, a PE ratio of 6.42 and a beta of 0.81.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $52.87 EPS for the quarter. Fairfax Financial had a net margin of 16.27% and a return on equity of 18.14%. The firm had revenue of $6.90 billion during the quarter.

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.