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

Fairfax India Holdings Corp (TSE:FIH.U)’s share price 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 Trading Down 1.9 %

The stock has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.71 and a beta of 1.49. The company’s 50-day moving average is C$16.79 and its 200-day moving average is C$15.57. The company has a quick ratio of 0.50, a current ratio of 4.56 and a debt-to-equity ratio of 16.41.

Insider Activity at Fairfax India

In other news, Director Brian Johnston Porter purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was bought at an average price of C$22.42 per share, for a total transaction of C$112,104.00. Company 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.