Fairfax Financial (OTCMKTS:FRFHF) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1,233.73 and traded as high as $1,266.72. Fairfax Financial shares last traded at $1,262.42, with a volume of 1,836 shares changing hands.

Fairfax Financial Trading Down 0.7 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 4.09 and a quick ratio of 4.09. The company has a market cap of $29.71 billion, a P/E ratio of 8.16 and a beta of 0.78. The stock’s 50-day moving average is $1,233.73 and its two-hundred day moving average is $1,162.32.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $37.18 earnings per share (EPS) for the quarter. The firm had revenue of $7.49 billion for the quarter. Fairfax Financial had a return on equity of 15.83% and a net margin of 14.01%. As a group, equities research analysts predict that Fairfax Financial Holdings Limited will post 149.29 earnings per share for the current fiscal year.

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.