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

Fairfax India Holdings Corp (TSE:FIH.U) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$15.90 and traded as high as C$17.60. Fairfax India shares last traded at C$17.33, with a volume of 24,462 shares.

Fairfax India Stock Down 1.6 %

The company has a market cap of C$1.82 billion, a PE ratio of 10.32, a P/E/G ratio of 0.71 and a beta of 1.49. The business has a 50-day simple moving average of C$15.90 and a 200-day simple moving average of C$15.13. The company has a quick ratio of 0.50, a current ratio of 4.56 and a debt-to-equity ratio of 16.41.

Insiders Place Their Bets

In other Fairfax India news, Director Brian Johnston Porter purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were purchased at an average cost of C$22.42 per share, for a total transaction of C$112,104.00. 27.52% of the stock is owned by company insiders.

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.