Olympia Financial Group (TSE:OLY) Stock Price Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Olympia Financial Group shares fell below their 50-day moving average, trading as low as C$103.01 versus the C$104.40 average, with 828 shares changing hands.
• Fundamental Research maintained a Buy rating and set a C$158.24 price target; MarketBeat reports a consensus Buy rating based on one analyst.
• The company reported quarterly EPS of C$2.32 on revenue of C$22.06 million and declared a monthly C$0.50 dividend, representing an annualized yield of approximately 5.8%.

Olympia Financial Group Inc. (TSE:OLY - 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$104.40 and traded as low as C$103.01. Olympia Financial Group shares last traded at C$103.05, with a volume of 828 shares traded.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$158.24 price target on shares of Olympia Financial Group and gave the stock a "buy" rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$158.24.

Olympia Financial Group Trading Down 0.1%

The stock has a 50-day moving average of C$104.40 and a two-hundred day moving average of C$114.18. The company has a market cap of C$247.94 million, a P/E ratio of 12.37 and a beta of -0.00. The company has a debt-to-equity ratio of 22.15, a quick ratio of 1.59 and a current ratio of 67.57.

Olympia Financial Group (TSE:OLY - Get Free Report) last released its earnings results on Thursday, May 14th. The health services provider reported C$2.32 EPS for the quarter. Olympia Financial Group had a return on equity of 39.27% and a net margin of 18.44%.The business had revenue of C$22.06 million for the quarter. On average, equities research analysts predict that Olympia Financial Group Inc. will post 3.06 earnings per share for the current year.

Olympia Financial Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 31st were paid a $0.50 dividend. The ex-dividend date was Wednesday, July 22nd. This represents a c) dividend on an annualized basis and a yield of 5.8%. Olympia Financial Group's payout ratio is presently 86.43%.

About Olympia Financial Group

Olympia Financial Group Inc ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

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