Fairfax Financial (OTCMKTS:FRFHF) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) crossed 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.

Analyst Upgrades and Downgrades

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

Fairfax Financial Stock Up 0.7 %

The stock has a 50 day moving average price of $1,387.38 and a 200 day moving average price of $1,264.12. The company has a market cap of $32.21 billion, a P/E ratio of 8.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.45 and a current ratio of 2.45.

Fairfax Financial Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th will be paid a $15.00 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.09%. Fairfax Financial’s dividend 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.