Fairfax Financial (OTCMKTS:FRFHF) Shares Pass Above 50 Day Moving Average – Time to Sell?

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1,656.04 and traded as high as $1,664.8199. Fairfax Financial shares last traded at $1,646.00, with a volume of 3,036 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research report on Friday, July 24th. Canadian Imperial Bank of Commerce assumed coverage on shares of Fairfax Financial in a research report on Friday, June 26th. They issued a “neutral” rating on the stock. Finally, Zacks Research lowered shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Fairfax Financial Trading Up 1.4%

The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $1,656.50 and a 200-day simple moving average of $1,671.78. The company has a market cap of $34.31 billion, a PE ratio of 8.07 and a beta of 0.49.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.