Fairfax Financial (OTCMKTS:FRFHF) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Fairfax Financial Holdings' shares have surpassed their fifty-day moving average of $1,739.05, with the stock last trading at $1,785.72.
• The company reported $42.70 earnings per share for the last quarter, outperforming analyst estimates by $10.78 and achieving revenue of $8.47 billion.
• Various analysts have given favorable ratings, including upgrades to a "moderate buy" from Royal Bank of Canada and reiterations of "outperform" ratings from National Bankshares and BMO Capital Markets.

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1,739.05 and traded as high as $1,792.85. Fairfax Financial shares last traded at $1,785.72, with a volume of 4,180 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FRFHF shares. National Bankshares reiterated an "outperform" rating on shares of Fairfax Financial in a report on Wednesday, April 30th. Royal Bank Of Canada upgraded Fairfax Financial to a "moderate buy" rating in a report on Wednesday, June 18th. BMO Capital Markets reiterated an "outperform" rating on shares of Fairfax Financial in a report on Monday, May 5th. Finally, Raymond James Financial upgraded Fairfax Financial to a "moderate buy" rating in a report on Thursday, April 10th.

Fairfax Financial Trading Down 0.4%

The company has a market cap of $40.42 billion, a PE ratio of 10.33 and a beta of 0.77. The business has a 50 day simple moving average of $1,739.05 and a two-hundred day simple moving average of $1,540.56. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.44.

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 for the quarter, topping analysts' consensus estimates of $31.92 by $10.78. Fairfax Financial had a return on equity of 14.90% and a net margin of 13.10%. The company had revenue of $8.47 billion for the quarter, compared to analyst estimates of $7.76 billion. On average, analysts forecast that Fairfax Financial Holdings Ltd. will post 166.85 EPS for the current fiscal 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.

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