Olympia Financial Group (TSE:OLY) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

Olympia Financial Group Inc. (TSE:OLY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$104.40 and traded as low as C$103.01. Olympia Financial Group shares last traded at C$103.05, with a volume of 828 shares traded.

Analyst Ratings Changes

Separately, Fundamental Research set a C$158.24 price objective on Olympia Financial Group and gave the company a “buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$158.24.

Olympia Financial Group Trading Up 0.2%

The business’s 50 day simple moving average is C$104.40 and its two-hundred day simple moving average is C$114.10. The stock has a market cap of C$248.42 million, a P/E ratio of 12.39 and a beta of -0.00. The company has a quick ratio of 1.59, a current ratio of 67.57 and a debt-to-equity ratio of 22.15.

Olympia Financial Group (TSE:OLY) last announced its quarterly earnings results on Thursday, May 14th. The health services provider reported C$2.32 EPS for the quarter. Olympia Financial Group had a return on equity of 39.27% and a net margin of 18.44%.The company had revenue of C$22.06 million during the quarter. As a group, analysts expect that Olympia Financial Group Inc. will post 3.06 EPS for the current year.

Olympia Financial Group Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 31st will be paid a dividend of $0.50 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, August 20th. Olympia Financial Group’s dividend payout ratio (DPR) is presently 86.43%.

About Olympia Financial Group

Olympia Financial Group Inc (“OFGI”) conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.