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

Fairfax Financial Holdings Limited (OTCMKTS:FRFHFGet Free Report)’s stock price 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 trading hands.

Fairfax Financial Stock Down 0.7 %

The firm has a market capitalization of $29.71 billion, a P/E ratio of 8.16 and a beta of 0.78. The company has a fifty day simple moving average of $1,233.73 and a 200 day simple moving average of $1,162.32. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.42.

Fairfax Financial (OTCMKTS:FRFHFGet Free Report) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $37.18 earnings per share (EPS) for the quarter. The company had revenue of $7.49 billion for the quarter. Fairfax Financial had a net margin of 14.01% and a return on equity of 15.83%. On average, equities analysts expect that Fairfax Financial Holdings Limited will post 149.29 EPS for the current fiscal year.

Fairfax Financial Company Profile

(Get Free Report)

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.

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