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

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $1,354.30 and traded as high as $1,400.00. Fairfax Financial shares last traded at $1,391.34, with a volume of 2,119 shares changing hands.

Analysts Set New Price Targets

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

Fairfax Financial Price Performance

The business has a 50-day simple moving average of $1,354.30 and a two-hundred day simple moving average of $1,235.72. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $32.26 billion, a price-to-earnings ratio of 8.51 and a beta of 0.81.

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.