Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH) Stock Pass Below 50 Day Moving Average of $397.10

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Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $397.10 and traded as low as $388.67. Fairfax Financial Holdings Ltd Subordinate Voting Shares shares last traded at $392.37, with a volume of 44,629 shares.

FFH has been the subject of several recent analyst reports. Cormark decreased their price objective on shares of Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$650.00 to C$625.00 in a research report on Friday, July 31st. Scotiabank increased their price objective on shares of Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$580.00 to C$600.00 in a research report on Thursday, July 23rd. Finally, National Bank Financial increased their price objective on shares of Fairfax Financial Holdings Ltd Subordinate Voting Shares from C$500.00 to C$525.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th.

The company has a debt-to-equity ratio of 54.61, a current ratio of 2.10 and a quick ratio of 1.27. The firm has a market capitalization of $10.87 billion and a price-to-earnings ratio of -82.86. The business’s fifty day simple moving average is C$396.64 and its 200 day simple moving average is C$402.53.

Fairfax Financial Holdings Ltd Subordinate Voting Shares (TSE:FFH) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$21.16 EPS for the quarter, missing analysts’ consensus estimates of C$26.05 by C($4.89). The business had revenue of C$7.02 billion for the quarter, compared to analyst estimates of C$8.21 billion. Equities research analysts expect that Fairfax Financial Holdings Ltd Subordinate Voting Shares will post 46.3824666 earnings per share for the current fiscal year.

Fairfax Financial Holdings Ltd Subordinate Voting Shares Company Profile (TSE:FFH)

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 also underwrites specialty insurance and reinsurance; develops, produces, markets, and distributes television programs; and franchises, owns, and operates dining restaurants and holiday resorts.

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