Fairfax Financial (OTCMKTS:FRFHF) Shares Pass Above Fifty Day Moving Average of $1,107.77

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1,107.77 and traded as high as $1,143.00. Fairfax Financial shares last traded at $1,142.50, with a volume of 4,275 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their target price on shares of Fairfax Financial from $1,085.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th.

Fairfax Financial Price Performance

The firm has a market cap of $27.48 billion, a PE ratio of 7.38 and a beta of 0.80. The firm has a fifty day simple moving average of $1,107.77 and a two-hundred day simple moving average of $1,014.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.31 and a current ratio of 2.31.

Fairfax Financial (OTCMKTS:FRFHF) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $30.82 earnings per share (EPS) for the quarter. Fairfax Financial had a net margin of 13.79% and a return on equity of 15.60%. The company had revenue of $7.69 billion for the quarter.

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.