Fairfax Financial (OTCMKTS:FRFHF) Stock Crosses Above Fifty Day Moving Average - Here's Why

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1,537.39 and traded as high as $1,691.00. Fairfax Financial shares last traded at $1,680.00, with a volume of 19,142 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FRFHF shares. 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 upgraded shares of Fairfax Financial to a "moderate buy" rating in a report on Thursday, April 10th.

Fairfax Financial Stock Performance

The stock's 50 day moving average price is $1,547.17 and its 200 day moving average price is $1,451.14. The company has a market capitalization of $37.91 billion, a P/E ratio of 10.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $42.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.92 by $10.78. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $7.76 billion. As a group, equities analysts expect that Fairfax Financial Holdings Limited will post 166.85 EPS for the current year.

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.