E-L Financial (TSE:ELF) Stock Crosses Below 50 Day Moving Average - Time to Sell?

E-L Financial Co. Limited (TSE:ELF - Get Free Report)'s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1,151.18 and traded as low as C$15.55. E-L Financial shares last traded at C$15.86, with a volume of 53,424 shares changing hands.

E-L Financial Stock Performance

The stock has a market capitalization of C$55.56 million, a P/E ratio of 0.03 and a beta of 0.85. The firm has a 50-day moving average price of C$1,126.95 and a 200 day moving average price of C$1,298.20.

E-L Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 17th were paid a $3.75 dividend. The ex-dividend date was Monday, March 31st. This represents a $15.00 annualized dividend and a yield of 93.46%. E-L Financial's payout ratio is 2.81%.

E-L Financial Company Profile

E-L Financial Corp Ltd operates as an investment and insurance holding company. The firm organizes itself into two segments namely E-L Corporate and Empire Life. The Empire Life operating segment underwrites life and health insurance policies and provides segregated funds, mutual funds, and annuity products whereas, the E-L Corporate segment operations include the oversight of investments in global equities held through holdings of common shares, investment funds, closed-end investment companies, and other private companies.