Fairfax India (TSE:FIH.U) Stock Price Passes Below 50 Day Moving Average – Here’s Why

by · The Markets Daily

Shares of Fairfax India Holdings Corp (TSE:FIH.U – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$16.95 and traded as low as C$15.66. Fairfax India shares last traded at C$16.53, with a volume of 91,677 shares changing hands.

Fairfax India Stock Up 5.0%

The firm’s 50-day moving average price is C$16.95 and its 200 day moving average price is C$17.91. The company has a current ratio of 4.56, a quick ratio of 0.50 and a debt-to-equity ratio of 16.41. The company has a market capitalization of C$2.23 billion, a price-to-earnings ratio of 63.58, a PEG ratio of 0.71 and a beta of 0.83.

About Fairfax India

(Get Free Report)

Fairfax India Holdings Corp is an investment holding company. Its investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers, or business conducted in or dependent on India.

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