Fairfax Financial (OTCMKTS:FRFHF) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Key Points

• Fairfax Financial's stock price fell below its 50-day moving average of $1,768.25, trading at $1,715.25 with a volume of 2,908 shares.
• Analyst ratings show mixed opinions, with Wall Street Zen lowering the stock from a "buy" to a "hold" rating while other firms maintain an "outperform" rating, leading to an average rating of "Moderate Buy."
• For the last quarter, Fairfax Financial reported an EPS of $61.61, which exceeded expectations, while revenue fell short of analyst estimates at $9.18 billion.

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF - Get Free Report) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1,768.25 and traded as low as $1,715.25. Fairfax Financial shares last traded at $1,715.25, with a volume of 2,908 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Cormark downgraded shares of Fairfax Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Fairfax Financial from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. National Bankshares restated an "outperform" rating on shares of Fairfax Financial in a research report on Wednesday, April 30th. Royal Bank Of Canada upgraded Fairfax Financial to a "moderate buy" rating in a research report on Wednesday, June 18th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Fairfax Financial in a research report on Monday, May 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,500.00.

Fairfax Financial Price Performance

The company has a current ratio of 4.20, a quick ratio of 4.20 and a debt-to-equity ratio of 0.45. The company's fifty day moving average is $1,769.69 and its two-hundred day moving average is $1,596.52. The stock has a market cap of $39.02 billion, a price-to-earnings ratio of 8.74 and a beta of 0.79.

Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $61.61 earnings per share for the quarter, beating the consensus estimate of $60.25 by $1.36. Fairfax Financial had a net margin of 14.68% and a return on equity of 16.39%. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.30 billion. As a group, research analysts predict that Fairfax Financial Holdings Ltd. will post 166.85 earnings per share 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.