Fairfax India (TSE:FIH.U) Hits New 1-Year High – Still a Buy?

Fairfax India Holdings Corp (TSE:FIH.U) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$19.23 and last traded at C$19.15, with a volume of 28211 shares changing hands. The stock had previously closed at C$18.95.

Fairfax India Price Performance

The firm has a market capitalization of C$2.68 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.71 and a beta of 0.75. The company has a debt-to-equity ratio of 16.41, a quick ratio of 0.50 and a current ratio of 4.56. The company’s fifty day moving average price is C$18.35 and its 200 day moving average price is C$17.80.

Fairfax India (TSE:FIH.U) last released its quarterly earnings results on Thursday, July 30th. The company reported C$2.42 earnings per share (EPS) for the quarter. Fairfax India had a return on equity of 7.81% and a net margin of 56.53%. Equities research analysts expect that Fairfax India Holdings Corp will post -0.28 earnings per share for the current year.

About Fairfax India

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. The company operates through investing in the India segment and it earns income through the source of interest and dividends.