Olympia Financial Group (TSE:OLY) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analyst Weigh In

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 report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$158.24.

Olympia Financial Group Stock Performance

The firm has a market capitalization of C$256.24 million, a P/E ratio of 12.79 and a beta of 0.32. The company has a debt-to-equity ratio of 22.15, a current ratio of 67.57 and a quick ratio of 1.59. The firm has a 50-day moving average price of C$120.48 and a two-hundred day moving average price of C$117.69.

Olympia Financial Group (TSE:OLY) last released its quarterly earnings data 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%. On average, analysts forecast that Olympia Financial Group Inc. will post 3.06 EPS for the current fiscal year.

Olympia Financial Group Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 29th will be issued a $0.60 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Wednesday, May 20th. Olympia Financial Group’s payout ratio is presently 86.43%.

About Olympia Financial Group

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”.