Fairfax India (TSE:FIH.U) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Fairfax India Holdings Corp (TSE:FIH.U) passed above its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

Fairfax India Trading Down 1.9 %

The firm has a market capitalization 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 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’s 50-day simple moving average is C$16.73 and its 200 day simple moving average is C$15.53.

Insider Buying and Selling at Fairfax India

In related news, Director Brian Johnston Porter purchased 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was bought at an average cost 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.

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.