Fairfax Financial (OTCMKTS:FRFHF) Shares Pass Below Fifty Day Moving Average – Here’s Why

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1,782.53 and traded as low as $1,689.01. Fairfax Financial shares last traded at $1,731.00, with a volume of 5,134 shares trading hands.

Wall Street Analysts Forecast Growth

FRFHF has been the subject of several research analyst reports. Zacks Research cut Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. BMO Capital Markets cut shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a report on Wednesday, January 21st. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. Finally, National Bank Financial reissued an “outperform” rating on shares of Fairfax Financial in a research report on Monday, October 27th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Fairfax Financial Stock Performance

The company has a 50-day moving average of $1,782.53 and a 200-day moving average of $1,731.45. The firm has a market capitalization of $37.87 billion, a price-to-earnings ratio of 8.37 and a beta of 0.60. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.46.

About Fairfax Financial

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.