Fairfax Financial (OTCMKTS:FRFHF) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1,383.59 and traded as low as $1,305.01. Fairfax Financial shares last traded at $1,340.00, with a volume of 5,708 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price objective on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, November 4th.

Fairfax Financial Trading Up 0.7 %

The stock has a market cap of $32.21 billion, a price-to-earnings ratio of 8.50 and a beta of 0.81. The business’s fifty day simple moving average is $1,387.38 and its 200 day simple moving average is $1,264.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 2.45.

Fairfax Financial Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th will be paid a $15.00 dividend. The ex-dividend date is Thursday, January 16th. This represents a yield of 1.09%. Fairfax Financial’s payout ratio is currently 9.17%.

Fairfax Financial Company Profile

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.