Fairfax India (TSE:FIH.U) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Fairfax India Holdings Corp (TSE:FIH.U)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.22 and traded as low as C$17.20. Fairfax India shares last traded at C$17.84, with a volume of 24,821 shares traded.

Fairfax India Stock Up 4.6%

The stock has a fifty day moving average of C$17.32 and a 200 day moving average of C$17.22. The firm has a market capitalization of C$2.39 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.71 and a beta of 0.67. The company has a debt-to-equity ratio of 16.41, a current ratio of 4.56 and a quick ratio of 0.50.

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.