Fairfax Financial (OTCMKTS:FRFHF) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1,643.08 and traded as high as $1,729.98. Fairfax Financial shares last traded at $1,695.29, with a volume of 10,981 shares.

Analyst Upgrades and Downgrades

FRFHF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce assumed coverage on shares of Fairfax Financial in a report on Friday, June 26th. They set a “neutral” rating on the stock. Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, July 24th. Finally, Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Fairfax Financial Stock Up 0.5%

The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.46. The firm has a market cap of $35.48 billion, a PE ratio of 8.34 and a beta of 0.49. The stock has a fifty day simple moving average of $1,645.96 and a two-hundred day simple moving average of $1,675.68.

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.