Olympia Financial Group (TSE:OLY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Olympia Financial Group Inc. (TSE:OLY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$107.63 and traded as low as C$103.11. Olympia Financial Group shares last traded at C$103.18, with a volume of 2,894 shares trading hands.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$143.52 target price on Olympia Financial Group and gave the stock a “buy” rating in a report on Tuesday, March 11th.

Olympia Financial Group Stock Performance

The stock’s 50 day simple moving average is C$107.63 and its two-hundred day simple moving average is C$104.23. The company has a market capitalization of C$248.29 million, a P/E ratio of 10.15 and a beta of 0.27. The company has a debt-to-equity ratio of 6.00, a current ratio of 3.32 and a quick ratio of 1.59.

Olympia Financial Group Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.60 dividend. This represents a $7.20 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend is Thursday, March 20th. Olympia Financial Group’s dividend payout ratio (DPR) is presently 70.86%.

Insider Buying and Selling

In other Olympia Financial Group news, Director Anthony Lanzl sold 300 shares of Olympia Financial Group stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$107.54, for a total transaction of C$32,262.00. Insiders sold a total of 710 shares of company stock valued at $75,880 over the last ninety days. Insiders own 34.63% of the company’s stock.

About Olympia Financial Group

Olympia Financial Group Inc is engaged in providing financial services. The company’s operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.