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Fairfax Financial (OTCMKTS:FRFHF) Shares Pass Above 50 Day Moving Average - Here's What Happened

Fairfax Financial logo with Finance background

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FRFHF. National Bankshares reaffirmed an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. BMO Capital Markets reaffirmed 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.

Get Our Latest Analysis on Fairfax Financial

Fairfax Financial Stock Performance

The firm has a fifty day simple moving average of $1,472.74 and a 200-day simple moving average of $1,420.50. The company has a current ratio of 3.65, a quick ratio of 2.45 and a debt-to-equity ratio of 0.43. The stock has a market cap of $36.81 billion, a price-to-earnings ratio of 10.08 and a beta of 0.76.

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

About Fairfax Financial

(Get Free Report)

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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