Olympia Financial Group (TSE:OLY) Sets New 52-Week Low – Should You Sell?

Olympia Financial Group Inc. (TSE:OLY)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$86.95 and last traded at C$88.75, with a volume of 5062 shares traded. The stock had previously closed at C$91.50.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$166.48 price objective on Olympia Financial Group and gave the stock a “buy” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Olympia Financial Group presently has a consensus rating of “Buy” and an average price target of C$166.48.

Olympia Financial Group Price Performance

The stock has a market capitalization of C$213.53 million, a P/E ratio of 11.68 and a beta of 0.11. The company has a debt-to-equity ratio of 22.31, a quick ratio of 1.59 and a current ratio of 57.49. The business has a fifty day simple moving average of C$103.11 and a 200-day simple moving average of C$111.68.

Olympia Financial Group (TSE:OLY) last released its quarterly earnings data on Thursday, August 13th. The health services provider reported C$1.53 earnings per share for the quarter. Olympia Financial Group had a net margin of 17.31% and a return on equity of 35.11%. The company had revenue of C$21.43 million during the quarter. Sell-side analysts expect that Olympia Financial Group Inc. will post 3.06 earnings per share for the current fiscal year.

Olympia Financial Group Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 31st were issued a $0.50 dividend. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Thursday, August 20th. Olympia Financial Group’s dividend payout ratio (DPR) is presently 92.11%.

Insiders Place Their Bets

In other news, Director Brian Ross Newman sold 300 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$104.00, for a total transaction of C$31,200.00. Insiders have sold 1,000 shares of company stock valued at $103,800 over the last ninety days. Insiders own 34.63% of the company’s stock.

Olympia Financial Group Company Profile

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”.