Fairfax India (TSE:FIH.U) Stock Crosses Above 50-Day Moving Average – Here’s Why

Shares of Fairfax India Holdings Corp (TSE:FIH.U) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$16.73 and traded as high as C$19.55. Fairfax India shares last traded at C$19.08, with a volume of 103,860 shares traded.

Fairfax India Price Performance

The company has a debt-to-equity ratio of 16.41, a current ratio of 4.56 and a quick ratio of 0.50. The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 0.71 and a beta of 1.49. The business’s 50-day moving average price is C$16.79 and its two-hundred day moving average price is C$15.57.

Insider Activity

In other Fairfax India news, Director Brian Johnston Porter acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of C$22.42 per share, for a total transaction of C$112,104.00. Corporate insiders own 27.52% of the company’s stock.

Fairfax India Company Profile

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.