Fairfax Financial (OTCMKTS:FRFHF) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) shares 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.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price objective 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 Stock Performance

The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $31.07 billion, a PE ratio of 8.20 and a beta of 0.81. The firm’s fifty day moving average price is $1,383.59 and its 200 day moving average price is $1,260.07.

Fairfax Financial Announces Dividend

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

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.