Olympia Financial Group (TSE:OLY) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Olympia Financial Group Inc. (TSE:OLY)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$108.54 and traded as low as C$103.95. Olympia Financial Group shares last traded at C$104.10, with a volume of 1,994 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$135.19 price target on shares of Olympia Financial Group and gave the company a “buy” rating in a report on Tuesday, November 26th.

Olympia Financial Group Stock Down 1.9 %

The firm has a market capitalization of C$250.50 million, a P/E ratio of 10.24 and a beta of 0.27. The company has a debt-to-equity ratio of 6.00, a quick ratio of 1.59 and a current ratio of 3.32. The business’s fifty day moving average price is C$108.54 and its two-hundred day moving average price is C$104.16.

Olympia Financial Group Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 28th were given a $0.60 dividend. This represents a $7.20 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend was Wednesday, February 19th. Olympia Financial Group’s payout ratio is currently 70.86%.

Insider Activity at Olympia Financial Group

In related news, Director Anthony Lanzl sold 300 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of C$107.54, for a total value of C$32,262.00. Insiders sold 650 shares of company stock valued at $69,850 in the last three months. 34.63% of the stock is owned by insiders.

Olympia Financial Group Company Profile

Olympia Financial Group Inc, through its subsidiary, Olympia Trust Company, operates as a non-deposit taking trust company in Canada. The company operates through Investment Account Services, Currency and Global Payments, Private Health Services Plan, Exempt Edge, and Corporate and Shareholder Services divisions.