Olympia Financial Group (TSE:OLY) Shares Pass Below 50 Day Moving Average – What’s Next?

Olympia Financial Group Inc. (TSE:OLY) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$104.40 and traded as low as C$103.01. Olympia Financial Group shares last traded at C$103.05, with a volume of 828 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$158.24 price objective on shares of Olympia Financial Group and gave the stock a “buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$158.24.

Olympia Financial Group Stock Performance

The company has a quick ratio of 1.59, a current ratio of 67.57 and a debt-to-equity ratio of 22.15. The stock has a market capitalization of C$247.94 million, a P/E ratio of 12.37 and a beta of -0.00. The business has a fifty day moving average price of C$104.40 and a 200-day moving average price of C$114.18.

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

Olympia Financial Group Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 31st were issued a dividend of $0.50 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Wednesday, July 22nd. Olympia Financial Group’s dividend payout ratio (DPR) 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”.