Olympia Financial Group (TSE:OLY) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Olympia Financial Group Inc. (TSE:OLY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$107.63 and traded as low as C$103.11. Olympia Financial Group shares last traded at C$103.18, with a volume of 2,894 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$143.52 price objective on shares of Olympia Financial Group and gave the stock a “buy” rating in a report on Tuesday, March 11th.

Olympia Financial Group Price Performance

The firm has a 50-day moving average of C$107.63 and a 200 day moving average of C$104.20. The company has a market capitalization of C$248.29 million, a PE ratio of 10.15 and a beta of 0.27. The company has a debt-to-equity ratio of 6.00, a current ratio of 3.32 and a quick ratio of 1.59.

Olympia Financial Group Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.60 dividend. The ex-dividend date is Thursday, March 20th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 6.98%. Olympia Financial Group’s dividend payout ratio is presently 70.86%.

Insider Activity

In related news, Director Anthony Lanzl sold 300 shares of Olympia Financial Group stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of C$107.54, for a total value of C$32,262.00. Insiders sold 710 shares of company stock valued at $75,880 over the last three months. Insiders own 34.63% of the company’s stock.

About Olympia Financial Group

Olympia Financial Group Inc is engaged in providing financial services. The company’s operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.