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

Fairfax India Holdings Corp (TSE:FIH.U)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$17.34 and traded as high as C$17.50. Fairfax India shares last traded at C$17.00, with a volume of 27,861 shares changing hands.

Fairfax India Stock Performance

The stock has a market capitalization of C$2.28 billion, a P/E ratio of 9.14, a PEG ratio of 0.71 and a beta of 0.67. 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 simple moving average is C$17.34 and its two-hundred day simple moving average is C$17.22.

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.