Olympia Financial Group (TSE:OLY) Reaches New 12-Month Low – What’s Next?

Olympia Financial Group Inc. (TSE:OLY) reached a new 52-week low during trading on Thursday . The stock traded as low as C$106.15 and last traded at C$106.50, with a volume of 2638 shares trading hands. The stock had previously closed at C$108.25.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$158.24 target price on shares of Olympia Financial Group and gave the stock a “buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$158.24.

Olympia Financial Group Stock Down 2.7%

The company has a market cap of C$247.99 million, a price-to-earnings ratio of 12.37 and a beta of 0.32. The firm’s fifty day simple moving average is C$119.82 and its 200 day simple moving average is C$117.51. The company has a current ratio of 67.57, a quick ratio of 1.59 and a debt-to-equity ratio of 22.15.

Olympia Financial Group (TSE:OLY) last posted its earnings results on Thursday, May 14th. The health services provider reported C$2.32 earnings per share (EPS) for the quarter. The company had revenue of C$22.06 million during the quarter. Olympia Financial Group had a net margin of 18.44% and a return on equity of 39.27%. Sell-side analysts predict that Olympia Financial Group Inc. will post 3.06 earnings per share for the current year.

Olympia Financial Group Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were given a $0.60 dividend. The ex-dividend date was Wednesday, May 20th. This represents a c) annualized dividend and a yield of 7.0%. Olympia Financial Group’s payout ratio is presently 86.43%.

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”.